Treasury Nominee Vote Stalled by Clean Energy Tax Credit Fight

Derek Theurer’s bid to to be deputy undersecretary for legislative affairs at the Treasury Department has stalled as Senate Republicans seek a gradual off-ramp of wind and solar tax credits, said Sen. Chuck Grassley (R-Iowa), a senior member of the Finance Committee.

“We’re going to keep the holds on for a while,” Grassley told Bloomberg Tax after meeting with other moderate senators and those representing renewable energy producing states. “We’re all in this together.”

Grassley, along with Sen. John Curtis (R-Utah), had previously objected to voting on some of President Donald Trump’s other Treasury picks. The senators are concerned that ...