The Senate is called upon to rectify a misguided reconciliation bill from House Republicans that threatens clean-energy initiatives established in the Inflation Reduction Act. This bill seeks to eliminate critical tax credits created to enhance clean energy production and support new technology. The Inflation Reduction Act aimed to bolster the energy supply while reducing carbon emissions and fostering manufacturing. By overturning these credits, Republicans risk undermining their own energy goals while hindering innovation and clean energy growth across the U.S.
By unwinding these tax credits in such a ramshackle and disorganized way, Republicans would undermine many of their own goals.
The Inflation Reduction Act improved on decades of failed policy by going technology-neutral - its tax credits support any new power plant that doesn't generate greenhouse gas emissions.
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