President-elect Trump's nominees for key Cabinet positions could significantly influence the future of the Inflation Reduction Act. The landmark climate legislation faces uncertainty under Republican control of Congress and the White House. Republican lawmakers have expressed reluctance to fully repeal the IRA, but the direction of future Cabinet members remains unclear.
President-elect Donald Trump has nominated three potential Cabinet members who will likely be key to the future of the Biden-era Inflation Reduction Act, if they are confirmed by the Senate. The landmark climate legislation, the Inflation Reduction Act, is in the hands of the incoming Republican-controlled White House, Senate and House of Representatives.
Trump has already nominated three people to posts in his administration who are likely to be key to the future of the IRA, if they are confirmed by the Senate: hedge fund executive Any full repeal of the IRA would have to be passed by both chambers of Congress, where Republican lawmakers so far have been reluctant to completely discredit the law's benefits. House Speaker Mike Johnson, R-La., told CNBC in September that he would use There's a good reason for this approach: As of late October, roughly three quarters of the clean energy investments that have been made with IRA funds benefitted congressional districts that backed Trump in the 2020 presidential election, according to a President Joe Biden signs The Inflation Reduction Act with (left to right) Sen. Joe Manchin, D-WV; Senate Majority Leader Chuck Schumer, D-NY; House Majority Whip James Clyburn, D-SC; Rep. Frank Pallone, D-NJ; and Rep. Kathy Catsor, D-FL, at the White House on Aug. 16, 2022.But what future Trump Cabinet members would do is also'pretty profoundly important' to the future of the massive legislation, said Tanuj Deora, a former director for clean energy at the Biden administration's Office of the Federal Chief Sustainability Officer. The agencies hold considerable power over the interpretation and implementation of the IRA's programs and incentives, like tax credits and business loans.the expiring provisions of the Tax Cuts and Jobs Act of 201
INFLATION REDUCTION ACT DONALD TRUMP CABINET REPUBLICAN PARTY CLIMATE LEGISLATION
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.
Trump Cabinet Picks Could Shape Future of Inflation Reduction ActPresident-elect Trump's nominees for key Cabinet positions may significantly influence the fate of the Inflation Reduction Act. The landmark climate legislation, now under Republican control, faces uncertainty as Trump prepares to take office.
Read more »
Trump Picks Cabinet Members Who Could Shape Fate of Inflation Reduction ActPresident-elect Donald Trump's nominees for key cabinet positions could significantly influence the future of the Inflation Reduction Act, a landmark climate legislation passed during the Biden administration.
Read more »
Trump's Cabinet Picks Could Shape Fate of Biden's Inflation Reduction ActPresident-elect Donald Trump's nominees for key Cabinet positions may significantly influence the future of the Inflation Reduction Act, the landmark climate legislation passed during the Biden administration. Although reversing the IRA entirely would require Congressional approval, Trump's choices for agencies overseeing its implementation could profoundly impact its effectiveness.
Read more »
Several of Trump's Cabinet picks — and Trump himself — have been accused of sexual misconductFormer congressman Matt Gaetz has withdrawn his name as President-elect Donald Trump's choice for attorney general in the face of sexual misconduct allegations.
Read more »
Several of Trump's Cabinet picks — and Trump himself — have been accused of sexual misconductFormer congressman Matt Gaetz has withdrawn his name as President-elect Donald Trump's choice for attorney general in the face of sexual misconduct allegations.
Read more »
Several of Trump’s Cabinet picks — and Trump himself — have been accused of sexual misconductWASHINGTON (AP) — While Matt Gaetzhas withdrawn from the nomination process for attorney general, President-elect Donald Trump has picked several other
Read more »