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Unfortunately, the administration has looked in all the wrong places – repeatedly asking OPEC+ to ramp up crude production, while suggesting that U.S.
And as Senators enter discussions with the parliamentarian on Democrats’ reconciliation package, procedural experts tell ME that the credits could face additional challenges comporting with the “Byrd rule” that prohibits “extraneous matters” unrelated to the budget from being considered in reconciliation.
But a critical question facing pro-union EV tax credits is whether they would have a significant fiscal, or budgetary, impact, Bill Hoagland, former staff director of the Senate Budget Committee who is now senior vice president at the Bipartisan Policy Center, told ME.
But a lot more union and American-made EVs are coming — a case Democrats and the Biden administration have been eager to make, Rothenberg noted.
Zach Moller, director of the Economic Program at center-left think-tank Third Way, said the Congressional Budget Office, at the request of Democrats, could produce a score projecting how many qualified EVs there might be in the future.
It has been a point of tension between the Biden administration and several allies in Europe and Asia, with Canadian officials writing to senators Friday threatening to retaliate.
He raised concerns with the true cost of the package, particularly after the Congressional Budget Office said Friday that if the provisions in Democrats’ bill were extended, it would add $3 trillion to the deficit.
Democrats need to move in lockstep to get this package past the finish line, and Senate Majority Leader Chuck Schumer wants that to happen sooner rather than later.
“People have been in a hurry for a long time to do something.
Manchin is still hearing out his colleagues and hasn’t made a decision either way on the package.
GRANHOLM AND BUTTIGIEG ANNOUNCE EV PUSH: Energy Secretary Jennifer Granholm and Transportation Secretary Pete Buttigieg are unveiling a joint office today to implement the administration’s EV charging goals pushed in the bipartisan infrastructure package.
The White House sent out a sketch for how the administration plans to execute the EV charging goals Monday, with Vice President Kamala Harris touting the plan as vital to the country’s health, economy and sustainability.
Other actions include a request for input from community stakeholders, including through a DOE and DOT advisory committee on EVs.
AFTER THE STORM: A quarter million people lost power after last weekend’s devastating storms in the Midwest, according to the Tennessee Valley Authority.
PHILLIPS JOINS THE FERC PARTY: Freshly sworn-in commissioner Willie Phillips will partake in his first public FERC meeting Thursday, where the commission will tackle transmission cost allocation and ratepayer charges for regulatory advocacy and public relations campaigns, Pro’s Catherine Morehouse reports.
JOIN TODAY FOR A WOMEN RULE 2021 REWIND AND A LOOK AHEAD AT 2022: Congress is sprinting to get through a lengthy and challenging legislative to-do list before the end of the year that has major implications for women’s rights.
solar industry saw a record-breaking third quarter this year, but supply chain constraints and uncertainty surrounding trade policy continue to plague the industry, according to a report released today by the Solar Energy Industries Association and Wood Mackenzie.
Residential solar might even take a hit in sunny California, where the California Public Utilities Commission proposed cutting back incentives for rooftop solar installations to the chagrin of industry advocates, Pro’s Colby Bermel reports.
An extension of the investment tax credit, for one, would result in an additional 43.5 gigawatts of solar capacity over the next five years, most of which would come from utility solar, according to today’s report.
Ro Khanna, who led the House Oversight Environment Subcommittee’s probe into the oil and gas industry earlier this year, wants to end tax credits for carbon capture that is used to pump more oil out of the ground.
“Now if they can come up with a technology that can actually reduce the carbon footprint, then I am all for it,” Khanna said.
But Democrats’ edits to the tax credit faced backlash from carbon mitigation tech backers, who said minimum capture thresholds at 75 percent for power plants and 50 percent for industrial facilities would shut out a large swath of projects and make the credit functionally inaccessible.
But several environmentalists, including Khanna, fear that getting rid of the 75-percent threshold would remove a major accountability measure to ensure the tax credit is actually being used to mitigate emissions.
STEP INSIDE THE WEST WING: What’s really happening in West Wing offices? Find out who’s up, who’s down, and who really has the president’s ear in our West Wing Playbook newsletter, the insider’s guide to the Biden White House and Cabinet.
— Winnie Stachelberg is joining the Department of the Interior as its new senior adviser and infrastructure coordinator.
The reality is the administration’s policies have effectively thwarted the best response to a global crude supply shortfall that has put upward pressure on gasoline prices – increased American oil production.