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House Republicans Look to Eliminate Green Tax Credits ...Middle East
The House Committee on Energy and Commerce has proposed phasing out tax credits linked to climate policies stipulated in Biden’s Inflation Reduction Act. This, per the Committee, will raise some $6.5 billion. The phaseout is part of the Republicans’ broader effort to roll back climate funding generously committed to various projects and initiatives by the previous federal government. Among the specific credits targeted are the incentive for EV purchases, tax credit for home energy efficiency improvements, and wind and solar subsidies,…
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