Reported about 22 hours ago
The Biden administration has finalized new tax credits for clean electricity generation, arguing that President-elect Donald Trump should not attempt to reverse these measures. Released by the Treasury Department and IRS, these credits are part of the Inflation Reduction Act aimed at reducing energy costs for families, driving clean energy adoption, and combating climate change. The administration warns that dismantling these incentives could hinder the U.S. in the global shift away from fossil fuels and impose higher costs on American consumers.
Source: YAHOO