House OKs megabill, includes green tax credit cuts

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Energy & Environment

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The Big Story

House sends GOP megabill to Trump's desk

The House approved the Senate's version of the Republican policy bill, sending major cuts to climate-friendly tax credits to Trump's desk.

The legislation passed the House 218-214, with Reps. Thomas Massie (Ky.) and Brian Fitzpatrick (Pa.), voting with Democrats against the measure.

The overwhelming Republican support was a reflection of both the enormous appetite within the GOP for extending the 2017 tax cuts and a demonstration of Trump’s immense grip on his party, where loyalty to the president is presumed and defectors risk a career-ending political backlash.

A major piece of the bill is its cuts to tax credits for renewable energy and electric vehicles.

The EV credit disappears after Sept. 30.

Meanwhile, renewables either have to start construction in the next year or produce electricity by 2028 to have access to the credit.

The latter cuts have been a major point of contention in deliberations thus far, with moderates saying it goes too far and conservatives saying it didn't go far enough. Ultimately, the vast majority of swing district Republicans and Freedom Caucusers alike voted for the legislation.

Read more here, from The Hill's Mike Lillis, Mychael Schnell and Emily Brooks.

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Welcome to The Hill’s Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains.

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