Tax Bill Cuts Climate Funding

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clean energy tax credits

CBS News

•

Science

Republicans propose gutting Biden climate bill for Trump tax cuts

Summary

Nutrition label

80% Informative

House Republicans proposed a tax bill to cut billions of dollars in climate-related funding, reduce regulations, and prematurely phase out clean energy tax credits.

Cuts would impact businesses and consumers, affecting renewable energy, manufacturing, energy efficiency, and electric vehicles.

The Inflation Reduction Act has led to $321 billion of climate investment being completed, with $522 billion worth of investments still in process.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive