Democrats are working to convince some 16 of their Republican colleagues to oppose the GOP’s policy bill because of its rollbacks to climate-friendly tax credits, Senate Minority Leader Chuck Schumer (D-N.Y.) said Thursday.
“We have a group…of seven or eight Democrats who are talking to their Republican colleagues…and we’re getting some vibes that people realize this bill went too far and we’re hoping they can all go together to [Majority Leader] John Thune and to [Senate Finance Committee Chair Mike] Crapo and say ‘change it. We can’t be for it the way it is,” Schumer told reporters Wednesday.
“We have a list of 16 Republican senators who have shown some discomfort with this and that’s the main group we’re focused on,” he added.
The version of the “big, beautiful bill” passed by Republicans makes major cuts to tax credits for climate-friendly energy sources, making it so that any project that is not already under construction within 60 days of the law’s enactment is ineligible for the tax credits.
This provision, among others, is expected to bar many projects from eligibility and could ultimately lead to less low-carbon energy development.
At least some Republicans have publicly expressed skepticism of a rapid end to the credits with Sens. Lisa Murkowski (R-Alaska), Thom Tillis (R-N.C.), John Curtis (R-Utah) and Jerry Moran (R-Kan.) warning against a “full scale’ repeal.
However, House Republicans who have championed the cuts are pushing for them to stay in their current form, with members of the Freedom Caucus board recently saying it will “not accept” changes that water down the cuts.
Read More Details
Finally We wish PressBee provided you with enough information of ( Schumer says 16 Republicans have ‘discomfort’ with green tax credit rollbacks )
Also on site :