Study shows rollback of credits would increase energy expenses for American of both red and blue districts
As House Republicans propose taking a sledgehammer to the green tax credits in Joe Biden’s Inflation Reduction Act, new data shows the loss of those incentives could lower some Americans’ household income by more than $1,000 a year due to increased utility bills and job losses.
Though Donald Trump has called climate spending a “waste” of money, the data – published by the industry group Clean Energy Buyers Association (Ceba) on Thursday – provides evidence that rescinding them would actually increase expenses for ordinary Americans in red and blue districts alike.
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