Republicans seek to protect green tax credits in budget bill
Source: Yahoo! News/Reuters
Mon, March 10, 2025 at 6:10 PM EDT
WASHINGTON (Reuters) -A group of Republican lawmakers urged the House committee drafting President Donald Trump's proposed tax cuts in the upcoming budget reconciliation bill to preserve key clean energy tax credits enacted under the Biden administration to protect private sector investments in their districts, according to a letter circulated on Monday.
Led by New York Republican Congressman Andrew Garbarino, the letter called on Ways and Means chair Jason Smith to avoid "disruptive changes to our nations energy tax structure" that could upend clean energy projects underway and raise consumer prices, and take a "targeted" approach to repealing Inflation Reduction Act tax credits.
WHY IT'S IMPORTANT
The letter has the signature of 21 House Republicans who have called on Congressional leaders and the White House to protect certain clean energy tax credits despite the Republicans' plans to repeal the IRA's electric vehicle tax credits and other climate-related measures, arguing they support the president's "energy dominance" agenda.
The House, which Republicans control by a razor-thin margin, plans to pass Trump's tax-cut agenda and fund border and military priorities in one big bill. This gives the lawmakers leverage as they negotiate the details of the bill.
Read more: https://www.yahoo.com/news/republicans-seek-protect-green-tax-221019147.html

Tonk
(41 posts)Biden kept rewarding red states with green projects, considering how they fought tooth and nail to kill clean energy for decades. Perhaps he was onto something. MAGA has no choice now but to lobby congressional leaders and cabinet officials to protect the jobs and funds flooding into their districts.
kerouac2
(1,153 posts)And continue to win those districts and the sheeple there will still vote for knuckle dragging racists.
OldBaldy1701E
(7,669 posts)Must be some serious grifting going on with those projects. Because a rethug would let his entire state die rather than allow anything from a Democrat!