Republicans widely back President Donald Trump’s rollback of the Biden administration’s climate agenda, but they need some of the billions in cash the proposed clawbacks could generate to fund extending the GOP’s 2017 tax cuts.
Trump’s flurry of executive orders include reconsidering renewable energy development and policies favoring electric vehicles, aimed at dismantling the Democrats’ 2022 tax-and-climate law. The moves, though, could complicate GOP efforts to offset the estimated $4.6 trillion price tag for a decade-long extension of the Republican tax law.
The president’s actions also could have the unintended effect of slowing credit uptake, meaning less revenue gained ...
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