Green Tax Credit Cuts Part of House GOP Menu to Save Trillions

Jan. 9, 2025, 11:22 PM UTC

House Budget Committee Republicans are circulating a menu of policy options including clawing back clean energy tax credits and making changes to programs like Medicare that would yield savings totaling $5.3 trillion to $5.7 trillion over 10 years.

GOP lawmakers are seeking input from their conference on consensus ways to trim government spending over the next decade, as the party seeks to offset an extension of expiring parts of its 2017 tax reform bill through a process known as reconciliation.

The document, obtained by Bloomberg Tax, is largely compiled from proposals included in recent House budget resolutions and identifies $2.8 ...

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