
Tax bill passed by House Republicans would gut Biden-era clean energy tax credits
The budget reconciliation bill passed by House Republicans early Thursday would gut clean energy tax credits that Democrats approved three years ago. It also boosts support for mining, drilling and traditional energy production. The bill, which now heads to the Senate, repeals or phases out more quickly clean energy tax credits passed in the 2022 Inflation Reduction Act during former President Joe Biden’s term. Clean energy advocates said the bill walks back the largest government investment in clean energy in history. President Donald Trump called the bill “arguably the most significant piece of Legislation that will ever be signed in the History of our Country.”