House GOP’s Debt-limit Plan Seeks to Repeal Much of Democrats’ Climate Law
The proposal would repeal the IRA's host of green energy tax incentives
House Republicans’ proposal for averting a breach of the federal debt limit seeks to relitigate one of the most consequential congressional debates of last year — by taking an ax to President Joe Biden’s signature climate law.
The White House quickly responded that that’s not going to happen.
The proposal that Speaker Kevin McCarthy unveiled Wednesday would raise the federal debt limit while repealing the host of green energy tax incentives established under Democrats’ Inflation Reduction Act (IRA), which Biden signed in August. Those include the law’s new solar and wind manufacturing production tax credits, which Republicans have portrayed as a giveaway to China.
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