 Energy & Environment |
Energy & Environment |
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GOP senators place holds over tax credit guidance |
Sens. Chuck Grassley (R-Iowa) and John Curtis (R-Utah) are placing holds on three of President Trump's nominees to the Treasury Department over forthcoming administration rules expected to hamper tax credits for wind and solar energy. |
© Julia Demaree Nikhinson and J. Scott Applewhite, Associated Press |
Grassley, who recently engaged in a heated back-and-forth with Trump over the handling of judicial picks, announced his move to place the holds in the congressional record Friday. "Today, I placed a hold on three Department of the Treasury nominees," he said in the record, specifically naming Trump's picks for the department's general counsel, assistant secretary and undersecretary. The Iowa Republican added that while the "big, beautiful, bill" recently passed by Congress allowed for wind and solar companies to continue to get tax credits if they begin construction of their projects in the next year, the Treasury Department "is expected to issue rules and regulations implementing the agreed upon phase-out of the wind and solar credits by August 18, 2025." "Until I can be certain that such rules and regulations adhere to the law and congressional intent, I intend to continue to object to the consideration of these Treasury nominees," Grassley said. Sen. John Curtis (R-Utah) is also placing a hold on the same nominees — Brian Morrissey Jr., Francis Brooke and Jonathan McKernan — for the same reason, a source familiar told The Hill. After legislation to terminate the tax credits was passed, Trump signed an executive order that directed the Treasury to take a strict approach to limit which projects are eligible while they're still active. Read more at TheHill.com. |
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