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Tag: House GOP Tax Plan
House Republicans Propose Cuts to Clean Energy Tax Credits Amidst Internal Party Divisions
In April 2025, House Republicans introduced a comprehensive tax reform bill that includes significant reductions to clean energy tax credits established under the Inflation Reduction Act (IRA) of 2022. This proposal has sparked considerable debate within the Republican Party, as some members express concerns over the potential economic and environmental impacts of such cuts.
House GOP Tax Plan: Expanding SALT Deductions and Curtailing Green Incentives Amidst Political Debate
House GOP Tax Plan: On April 23, 2025, House Republicans unveiled a comprehensive tax reform proposal aimed at extending the 2017 Tax Cuts and Jobs Act (TCJA), increasing the state and local tax (SALT) deduction cap, and eliminating various green energy tax incentives. This proposal, dubbed "THE ONE, BIG, BEAUTIFUL BILL," seeks to implement significant changes to the U.S. tax code, with far-reaching implications for taxpayers, environmental policy, and federal revenue.