Republican push to cut green tax credits would raise utility bills, new data shows

Study shows rollback of credits would increase energy expenses for American of both red and blue districtsAs 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. Continue reading...

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