I spoke to the Washington Post‘s Maxine Joselow for her Climate 202 post on the ballooning revenue estimates for the IRA clean energy tax title and GOP efforts use them as offsets for their policy priorities.
That doesn’t mean the GOP won’t keep targeting the credits. But tax experts predicted that even if Republicans win full control of Washington in the 2024 election, they won’t seek to scrap all the incentives, especially as the money keeps flowing into red states and districts.
“Just as a matter of good tax policy, you don’t want to go after things people have made long-term investments in,” said Liam Donovan, a principal at the law and lobbying firm Bracewell. “People are sinking billions and billions of dollars into clean-energy projects across the map based on long-term certainty.”
Read the full piece here.