NABTU bringing the 🔥 on how devastating new Senate bill would be:

“This stands to be the biggest job-killing bill in the history of the country.”

Union job losses “equivalent of terminating over 1,000 Keystone XL”s

1.75 million construction jobs, 3 BILLION work hours in clean energy kaput

House bill would end many clean energy credits and add unworkable rules to others The major tax legislation currently moving through the House of Representatives makes deep cuts to tax provisions supporting the deployment of clean energy technologies through early terminations and ...

In a new @taxlawcenter.org brief, we break down how the House tax bill kneecaps clean energy tax credits with totally unworkable "foreign entity" rules.

As we note, these rules wouldn't apply to any other tax breaks, including the new ones the bill creates.

taxlawcenter.org/blog/house-b...

Ways and Means Bill Would Cut Earned Income Tax Credit by Increasing Bureaucratic Burdens for Families This post explains how the bill would impose onerous burdens on taxpayers claiming the Earned Income Tax Credit (EITC) for tens of millions of eligible children and, in doing so, discourage many of th...

taxlawcenter.org/blog/ways-an...

"Sen. Shelley Moore Capito (R-W.V.), chair of the Environment and Public Works Committee, suggested the House GOP’s approach acts more like a 'blanket' repeal of the credits.

'I would expect that to change,' Capito said. 'There has been job creation around these tax credits.'

Rhodium Group on the House budget bill: Will raise energy costs as much as 7% in 2035, stifle energy technology innovation, increase pollution, and put half a trillion dollars of new manufacturing, industrial, and clean electricity investments across the country at risk. rhg.com/research/way...

The House GOP Tax Proposal Would Effectively Kill The IRA The Ways and Means Committee released its proposed budget language, and it’s not pretty for clean energy.

Here is a rundown of exactly how the GOP proposal would change every clean energy tax credit. While it looks like a bunch of nips and tucks, it's probably more akin to a full repeal. More analysis from us to come.
heatmap.news/politics/way...

Ways and Means proposes making costly 199A “pass-through” deduction more generous and valuable to high-income earners The proposal takes an inefficient, inequitable, and costly policy, and makes it more generous and more valuable to higher-income people, especially those in certain industries including lawyers and lo...

New analysis from my
colleagues on the Ways and Means’ reconciliation bill’s changes to the passthrough deduction.

taxlawcenter.org/blog/ways-an...