Biden, clean energy tax credits
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The heart of the Republican budget legislation targets key climate and energy provisions of the Inflation Reduction Act.
Environmental groups warned the proposals would pave the way for more oil and gas industry activity on public lands.
Mike Thompson and Jared Huffman have been highlighting the potential consequences of GOP spending cuts, and tax breaks they say are set to disproportionately favor the wealthy.
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GOP senators have raised concerns about the deficit impact of the emerging package, as well as the cuts to Medicaid and clean energy funding.
The tax portion of Republicans’ wide-ranging bill full of President Trump’s domestic priorities would cost $3.7 trillion over the next decade, the Joint Committee on Taxation (JCT)