What’s in the Tax and Energy Deal for Employers, Workers

Tacked on to the vast majority of climate-focused tax incentives that make up the reconciliation deal brokered by Senate Democrats are bonuses that can be unlocked if certain labor standards are met.

The Inflation Reduction Act that squeaked through the Senate Sunday would provide hundreds of billions of dollars over a decade for energy security and climate change programs. Much of that funding would be for clean energy tax credits, and structured with tiers offering greater credit if certain labor practices are in place.

It’s also estimated that thousands of jobs—particularly in the clean energy space—could be created with this ...