Ways & Means trade chair: Guidance on EV tax credits ‘unconstitutional’

Editor's note: This story was updated after initial publication to include comment from trade subcommittee ranking member Rep. Earl Blumenauer (D-OR). New proposed sourcing rules for electric vehicle tax credits are unconstitutional, House Ways & Means trade subcommittee Chair Adrian Smith (R-NE) said on Friday, warning the Biden administration it must “answer” to a bipartisan group of lawmakers concerned about what they see as executive overreach on trade policy. “Treasury’s proposed EV rule is another example of the Biden...