US EditionHouse Republicans target clean energy tax credits and pollution rules in budget proposal
- House Republicans have introduced a 2025 budget proposal that seeks to eliminate the clean energy incentives created by the 2022 Inflation Reduction Act and aims to cut federal expenditures across the country.
- This initiative follows President Trump’s promise to dismantle Biden’s climate law and extend tax cuts from his first term, amid ongoing debate over the credits’ impact.
- Industry leaders and environmental advocates warn that ending these tax credits risks thousands of job losses, stalls clean energy investments in states like Michigan and Wisconsin, and could raise household energy costs.
- The GOP budget would eliminate EV and home energy credits by year-end, cutting average tax reductions of about $1,300, with critics noting this rollback could increase Nevada household electricity bills by 7.3 percent.
- If enacted, the repeal could disrupt domestic clean energy supply chains, force layoffs, reduce investments, and potentially raise energy prices for American families, though some negotiations and adjustments remain possible.
247 Articles
247 Articles
EV advocates warn of Chinese dominance, political fallout from House GOP bill
WASHINGTON — The pullback on Biden-era tax credits in the budget passed by the Republican-controlled U.S. House could stunt the growth of the nation's still-fledgling electric vehicle industry and create ripple effects throughout the global ...
Philip Rossetti discusses the proposed IRA cuts in the latest budget bill - R Street Institute
R Street’s Philip Rossetti talks with Public News Service about the proposed cuts to the Inflation Reduction Act in the latest federal budget proposal. Listen to the story below: The post Philip Rossetti discusses the proposed IRA cuts in the latest budget bill appeared first on R Street Institute.
charitonleader.com
Budget bill too slow to repeal renewable energy subsidies, some Republicans say
(The Center Square) – Republicans’ multi-trillion-dollar budget reconciliation bill, set to hit the House floor Thursday, repeals multiple tax credits implemented by the Inflation Reduction Act that subsidize infrastructure meant to reduce greenhouse gas emissions.
Coverage Details
Bias Distribution
- 39% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
