Aug. 16, 2024, 5:00 AM EDT
Conservative Groups Call on Congress to Roll Back Climate Law
Stephen Lee
A coalition of nearly five dozen free-market groups on Friday will call on Congress to prioritize the demolition of the 2022 climate law, one of the Biden administration’s signature achievements.
The best way forward is to use the budget reconciliation process in the next Congress to eliminate subsidies embedded within the law, “in a manner to ensure a net tax cut,” wrote the groups, led by the Competitive Enterprise Institute.
Lawmakers should also use Congressional Review Act resolutions and press the administration with heavy oversight to “help set the stage for dismantling the IRA’s ‘green’ subsidies at the start of the 119th Congress,” the groups wrote.
The letter singled out tax credits of up to $7,500 for electric vehicles and subsidies for offshore wind as primary targets.
https://news.bloomberglaw.com/daily-labor-report/conservative-groups-call-on-congress-to-roll-back-climate-law
