GOP’s debt-limit plan would gut Biden’s climate law. White House’s response: ‘Jobs’
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House Republicans’ proposal for averting a breach of the federal debt limit seeks to relitigate one of the most consequential congressional debates of last year — by taking an ax to President Joe Biden’s signature climate law.
The White House’s counterargument: Gutting the law would wipe out tens of thousands of jobs that the law is creating in Republican-held states.
The proposal that Speaker Kevin McCarthy unveiled Wednesday would raise the federal debt limit while repealing the host of green energy tax incentives established under Democrats’ Inflation Reduction Act. Those include the law’s new solar and wind manufacturing production tax credits, which Republicans have portrayed as a giveaway to China.