In an exclusive interview with CNBC, Johnson says he will use “a scalpel and not a sledgehammer” in deciding which IRA tax credits to try to roll…
House Speaker Mike Johnson said some provisions of the Inflation Reduction Act, President Joe Biden's landmark clean energy bill have been helpful to the economy overall.
enacted under President Joe Biden but would seek to eliminate others, as an upcoming battle over taxes next year comes into focus in Washington."You've got to use a scalpel and not a sledgehammer, because there's a few provisions in there that have helped overall," Johnson said at the Riggs Washington D.C. hotel on Tuesday. He added that most of the law was"terribly harmful to the economy.
More than a dozen members of Johnson's own party, many of whom face difficult re-election fights, asked the speaker in"Prematurely repealing energy tax credits, particularly those which were used to justify investments that already broke ground, would undermine private investments and stop development that is already ongoing," the 18 lawmakers wrote in the letter.
Johnson spoke to CNBC right after he delivered a major speech on the economy, at an event hosted by America First Policy Institute. The non-profit think tank is led by Trump White House alums and affiliated with former President Donald Trump's policies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House Speaker Johnson Tells Senate GOP To Strip SAVE Act From Funding BillHouse Speaker Mike Johnson has reportedly instructed Senate Republicans to remove the controversial SAVE Act from the government funding legislation once it passes the House. This move comes despite Johnson's public stance of wanting the SAVE Act, which aims to prevent noncitizens from voting, included in the funding fight.
Read more »
House Speaker Johnson pulls government funding bill after GOP support collapsesThe House bill would fund the government through March and require people to show proof of citizenship to register to vote, a measure backed by Donald Trump.
Read more »
House Speaker Pulls Government Funding Bill After GOP Support CollapsesSee multiple perspectives from CNBC, Associated Press, and Washington Examiner at AllSides.com.
Read more »
Ohio Republican Party endorses all 2024 federal and state GOP candidates -- except House Speaker Jason StepheThe snub illustrates how many Ohio Republicans remain upset with Stephens almost 18 months after he was elected speaker with the help of Democratic votes.
Read more »
Court puts Ohio House speaker back in control of GOP purse stringsAn appeals court has returned control of Ohio House Republicans’ campaign purse strings to Speaker Jason Stephens. But the Thursday ruling appeared to do virtually nothing to resolve the yearlong intraparty dispute that's hindered lawmaking in the state.
Read more »
Court puts Ohio House speaker back in control of GOP purse stringsAn appeals court has returned control of Ohio House Republicans’ campaign purse strings to Speaker Jason Stephens. But the Thursday ruling appeared to do virtually nothing to resolve the yearlong intraparty dispute that's hindered lawmaking in the state.
Read more »