Congress repealed the Green New Deal. Can Trump finish the job?
Fox News
Republican budget bill cuts over $500 billion in green energy tax credits from Biden's Inflation Reduction Act, but Trump administration must enforce strict regulations.
Adam N. Michel is the director of tax policy studies at the Cato Institute. Follow his work on Substack at Liberty Taxed.
As part of the political compromise to secure the budget bill’s passage, a coalition of conservative lawmakers demanded something often overlooked in Washington: faithful regulatory implementation. In response, President Donald Trump issued an Executive Order on July 7 directing the Treasury Department to tighten its interpretation of requirements to begin construction on projects to qualify for the tax credits and restrict foreign-subsidized firms (foreign entities of concern) from accessing the subsidies.
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