Senate Republicans are opposed to their House colleagues’ plan to roll back Democrats’ clean energy credits, Politico reported.
As part of the House’s budget reconciliation bill, the Ways and Means Committee is aiming to repeal subsidies for electric vehicles and phase out other clean energy tax incentives from the Inflation Reduction Act passed under the Biden administration.
Republicans fear their proposal would cause a reduction in investment in energy technologies needed to meet growing power demand and lead to manufacturing job losses, Politico said.
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