What Climate Law Tax Credits Will Be In — and Out — Under Trump 2.0
December 11, 2024
The engine of the Inflation Reduction Act (IRA), the Biden administration’s landmark climate and industrial policy achievement, is tax credits. Through federal tax incentives alone, the law could direct as much as $780 billion into the U.S. clean energy economy over the rest of this decade. That money will help the U.S. cut its carbon emissions, grow employment, and compete in the global race for clean-technology dominance.
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