In a marathon hearing that began Tuesday afternoon, the House Energy and Commerce Committee started marking up legislation to slash green subsidies authorized by the landmark climate bill signed by former President Joe Biden.
Republican members on the committee are seeking to cut billions of dollars in funding from climate initiatives established through the 2022 Inflation Reduction Act, which was passed by Democrats. The committee’s legislation would cancel up to $6.5 billion in unspent funding from the Inflation Reduction Act.
The committee’s legislation is just part of the multitrillion-dollar tax-and-spending bill the GOP plans to pass through budget reconciliation, a process that allows for bills to bypass the filibuster and pass with only a simple majority in the Senate. The reconciliation is meant to implement President
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