GHG-Cutting Tax Credits For Factories Clear Senate Infrastructure Talks

July 29, 2021
A Senate bipartisan infrastructure deal negotiated with the White House contains $8 billion in tax credits for manufacturing facilities that reduce their greenhouse gas emissions, or produce or recycle energy-related products, as part of a broader proposal for $550 billion in new spending to upgrade the electric grid, rebuild roads and bridges, and expand rail and mass transit, among other projects. The manufacturing credits are notable because they are similar to provisions contained in a clean-energy tax package approved by...

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