Treasury Details Biden’s Low-Carbon Tax Plan But Questions Remain

April 7, 2021
The Treasury Department is providing some details on the tax provisions in the Biden administration’s infrastructure proposal that are aimed at reducing supports for fossil fuels, boosting deployment of low-carbon technologies and increasing resilience to climate-related risks, though key questions remain, including their cost. An April 7 report from the department outlines additional detail on the “Made In America Tax Plan” that includes the clean energy-related provisions, as well as several major corporate tax increases that would pay for the...

Not a subscriber? Sign up for 30 days free access to exclusive environmental policy reporting.