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Bike riders and commuters across the nation will be getting some special benefits for purchasing an electric bicycle. Included in President Biden’s $3.5 trillion budget plan is $7.4 billion in tax credits for e-bike purchases. The administration hopes that it can encourage more people to choose biking instead of driving to help curb transportation emissions, […]
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by Amy Lupica, ODP Staff Writer National Climate Adviser Gina McCarthy has announced that the administration considers clean electricity standards (CES) and clean energy tax credits “non-negotiables” in future infrastructure packages. She told Punchbowl News that these measures could be passed through the reconciliation agreement following President Biden’s bipartisan infrastructure package announced last week. This was a sentiment echoed […]
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As we have reported, the clean energy sector is down more than 620,000 jobs thanks to the coronavirus pandemic and the industry is now pushing hard for relief from Congress in the form of tax credits that companies would receive as cash payments (a deal Congress gave some companies) and delaying the phase-down of other tax incentives.
Why This Matters: While there may be some overcounting in jobs lost or undercounting of the number covered under the generic PPP stimulus program, there is no doubt the sector has been “decimated” as the clean energy industry claims.
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This week, as part of its annual spending bills, Congressional negotiators worked out a narrow package of tax breaks for some types of renewable energy but purposely left other clean energy sources out of the money.
Why This Matters: The final spending bill was not good for conservation and climate change and environmental groups are not happy.
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