NABTU bringing the 🔥 on how devastating new Senate bill would be: “This stands to be the biggest job-killing bill in the history of the country.” Union job losses “equivalent of terminating over 1,000 Keystone XL”s 1.75 million construction jobs, 3 BILLION work hours in clean energy kaput

In a new @taxlawcenter.org brief, we break down how the House tax bill kneecaps clean energy tax credits with totally unworkable "foreign entity" rules. As we note, these rules wouldn't apply to any other tax breaks, including the new ones the bill creates. taxlawcenter.org/blog/house-b...

"Sen. Shelley Moore Capito (R-W.V.), chair of the Environment and Public Works Committee, suggested the House GOP’s approach acts more like a 'blanket' repeal of the credits. 'I would expect that to change,' Capito said. 'There has been job creation around these tax credits.'

Rhodium Group on the House budget bill: Will raise energy costs as much as 7% in 2035, stifle energy technology innovation, increase pollution, and put half a trillion dollars of new manufacturing, industrial, and clean electricity investments across the country at risk. rhg.com/research/way...

My colleagues @taxlawcenter.org will have analysis on the details of the W&M bill (AINS 05/12) to come. But its broad strokes are clear. taxlawcenter.org/blog/an-init... It doesn't consistently follow any sound tax principle I can think of. Seems more driven by picking winners and losers.

Here is a rundown of exactly how the GOP proposal would change every clean energy tax credit. While it looks like a bunch of nips and tucks, it's probably more akin to a full repeal. More analysis from us to come. heatmap.news/politics/way...

New analysis from my colleagues on the Ways and Means’ reconciliation bill’s changes to the passthrough deduction. taxlawcenter.org/blog/ways-an...