Senate Republicans are pushing back on the House GOP’s proposed rollback of Democrats’ clean energy credits and say there will have to be changes to earn their support.
The tax-writing House Ways and Means Committee moved to repeal key subsidies for electric vehicles and phase out many other clean energy tax incentives from the Inflation Reduction Act as part of its portion of Republicans’ budget reconciliation bill, which the committee will begin marking up Tuesday afternoon.
But some Senate Republicans say abruptly cutting off credits and changing key provisions that help fund projects more quickly could stifle investments in energy technologies needed to meet growing power demand, and lead to job losses for manufacturing and electricity projects in their states and districts.
Sen. Kevin Cramer (R-N.D) warned that Ways and Means’ proposal to phase out technology-neutral clean electricity tax credits beginning in 2029 would kneecap newer technologies that Republicans favor like advanced nuclear reactors and geothermal that are not ready to be deployed at large scale.
