Last week House Speaker Kevin McCarthy released a proposed debt limit bill that he says would “responsibly raise the debt limit into next year.”
The “Limit, Save, Grow Act of 2023” takes aim at many areas of spending, including the Inflation Reduction Act signed into law by President Biden in 2022. This bill has been hailed as the largest ever investment into combating climate change.
McCarthy’s proposal — which can be read in full here — contains a section called “Repeal Market Distorting Green Tax Credits”, as identified in the following screen capture from the proposed bill:
The “Limit, Save, Grow Act of 2023” takes aim at many areas of spending, including the Inflation Reduction Act signed into law by President Biden in 2022. This bill has been hailed as the largest ever investment into combating climate change.
McCarthy’s proposal — which can be read in full here — contains a section called “Repeal Market Distorting Green Tax Credits”, as identified in the following screen capture from the proposed bill:
Democrats And Republicans Clash Over Energy Policy Priorities | OilPrice.com
House Speaker Kevin McCarthy's proposed debt limit bill, the "Limit, Save, Grow Act of 2023," aims to repeal certain green tax credits.
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