Sen. John Barrasso, a member of the Senate Finance Committee and the leader of the GOP conference, wrote a letter to Treasury Secretary Janet Yellen on Thursday
The president’s budget proposal would strip traditional U.S. energy industries of $31 billion worth of"special tax treatment for oil and gas company investments, as well as othertax preferences," according to the White House. That's less than the $45 billion in fossil fuel subsidies his previous budget proposal sought to end, but is still enough to alarm Republicans.
Biden's budget plan seeks to invest billions into renewable energy. Among the president’s proposals are $300 million for public housing to improve energy efficiency and withstand the effects of climate change. A White House fact sheet touts a $4.5 billion investment"in clean energy across America."
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.
Pennsylvania Republican Kathy Barnette Rules Out 2024 Senate BidKathy Barnette said Wednesday she would not run for U.S. Senate in 2024 after placing third in Pennsylvania’s Republican primary last year.
Read more »
Russian jet collision a 'wake-up call to isolationists,' top Armed Services Republican says.SASCGOP ranking member SenatorWicker declared that a Russian fighter jet collision that effectively downed a US drone should be a 'wake-up call to isolationists.' Wicker called the act 'brazen' and declared Putin an 'adversary.'
Read more »
Top Republican endorses Ron DeSantis for president despite governor not announcing candidacyFlorida Gov. Ron DeSantis has received a top-level Republican endorsement for president, despite not announcing his candidacy. Rep. Chip Roy gave him his support Wednesday.
Read more »
Top Republican senators slam DeSantis for calling Ukraine war a ‘territorial dispute’Several top GOP senators are pushing back on Florida Gov. Ron DeSantis's position that 'becoming further entangled in a territorial dispute between Ukraine and Russia' is not of national interest.
Read more »
2024 Republican hopefuls attack Biden on Ukraine at pivotal moment for KyivA growing number of Republican White House hopefuls and lawmakers in Congress are voicing opposition to Biden's Ukraine policy at a critical moment in the war.
Read more »
Lawmaker says there are no hungry Minnesotans because he has never met oneRepublican state Sen. Steve Drazkowski made the regrettable comments during a Senate Floor Session on Tuesday.
Read more »