Source: AFP
Most of Joe Biden's clean energy tax credits are now in law and unlikely to be overturned even if Donald Trump wins November's presidential election, a senior administration official said Friday. .
One of the most important policy achievements of Biden's presidency, the Inflation Control Act of 2022 (IRA) includes hundreds of billions of dollars in tax credits and subsidies aimed at accelerating America's energy transition. , including grants.
The bill is opposed by some Republicans, including Trump, who is reportedly considering ways to water down his signature bill if Biden wins in November. There is.
But White House National Economic Advisor Lael Brainard, speaking in Washington on Friday, said that even if Trump were to replace Biden as president, he would not reverse some of the IRA's most important elements. said it would be difficult.
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“The Clean Energy Tax Credit in the Inflation Control Act is the law of the land,” he said at an event streamed online. “And no matter the scenario, I expect the law to be faithfully enforced.”
Brainerd said 100,000 Americans have already taken advantage of Biden's electric vehicle tax credits, adding that 21 of the 24 credits are currently in effect and the rest are scheduled to start next year. .
“These rules are complex, they take a very long time to write, and they take a very long time to fix,” she said.
“And the investor community, the business community, the labor community will be strongly advocating for these projects,” she continued.
“And many Republicans who opposed the anti-inflation law are now vocal supporters of investment in their districts.”
Source: AFP
