User login

House Ways & Means Committee advances resolution to undo EV tax credit rules

July 9, 2024 at 3:49 PM
The House Ways & Means Committee on Tuesday voted to advance legislation to repeal the administration’s guidance for the implementation of Inflation Reduction Act electric vehicle tax credits. In a 25-14 party-line vote, committee Republicans backed a Congressional Review Act resolution of disapproval introduced by Reps. Carol Miller (R-WV) and Jared Golden (D-ME) to scrap the Treasury Department’s EV tax credit guidance over concerns it violates Congress’ intent when it passed the IRA and enriches Chinese companies. “The administration promised...

Not a subscriber? You can request 30 days free access to exclusive, behind-the-scenes reporting on trade policy in the Biden era.