Murkowski Really Doesn’t Want To Take ‘Big Hammer’ To Biden’s Massive Climate Bill
Republican Alaska Sen. Lisa Murkowski is working to preserve some provisions of former President Joe Biden’s signature climate bill as Republicans look for savings to pay for their reconciliation package, according to Politico.
Murkowski suggested that her party should be “taking a more cautious and conscientious approach” to repealing the bill instead of taking a “big hammer” to the green energy credits included in Biden’s trillion-dollar Inflation Reduction Act (IRA), Politico reported. The IRA, which received no votes from Republicans in Congress in 2022, is facing major cuts as Republicans look for possible savings to fund President Donald Trump’s legislative agenda.
As part of the proposed GOP budget bill to advance the Trump administration’s priorities, House Republicans plan to cut billions in clean energy subsidies implemented during the previous administration, including credits for electric vehicles, “green” household products like heat pumps and energy-saving doors and windows.
Credits for hydrogen production, as well as advanced manufacturing and nuclear power production would be phased out, dividing right-of-center energy policy analysts. The bill also seeks to end “transferability,” which allows project sponsors to transfer the credit to a third party, and crack down on the ability of Chinese companies to benefit from the subsidies.
“I’m pretty sure that there would be a fair number on that list, on the House side, who are hoping against hope that we in the Senate will work to soften that,” Murkowski told Politico. She was one of four Republican senators who asked Senate Majority Leader John Thune in April to preserve certain energy tax credits in the IRA. (Read more from “Murkowski Really Doesn’t Want To Take ‘Big Hammer’ To Biden’s Massive Climate Bill” HERE)
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