"Senate Republicans Balk at House Plan to Gut Energy Tax Cuts" [1]
"Key Senate Republicans are resisting the House’s plan to gut clean energy tax credits, vowing to soften the blow for emerging technologies.
The pushback comes just a day after House Republicans released a plan to help pay for an extension of President Donald Trump’s tax cuts by cutting more than $500 billion in energy tax credits from former President Joe Biden’s signature climate law.
The comments from GOP lawmakers mean industries facing a sharp cutoff in federal help still have a chance to preserve their tax incentives for longer.
The plan “needs refinement,” said Thom Tillis, a North Carolina Republican, who serves on the Senate’s tax writing committee and was one of four Republicans to sign a letter to Senate leadership last month, vowing to defend Democrats’ Inflation Reduction Act’s energy tax credits. “It needs more transitions. It’s not quite what we would author out here.”"