WASHINGTON (Reuters) -The U.S. Senate should make changes to House budget reconciliation bill provisions that phase out clean energy tax credits, including easing start-date requirements, said Republican Senator John Curtis on Tuesday.
Curtis, one of a handful of Senate Republicans who have said they want to preserve some of the clean energy tax credits in the Senate’s version of the budget bill, said changes are needed to protect investors and jobs from major disruption.
“Let’s just be thoughtful in how we phase them out. Let’s not destroy careers and things like that. Let’s give people a chance to adjust,” he said.
The House bill aimed to weaken clean energy tax credits enshrined in the 2022 Inflation Reduction Act by abruptly terminating several credits just 60 days after enactment for projects that have not yet begun construction, making most projects unfeasible.
(Reporting by Valerie Volcovici)
Comments