Wall Street Journal: “The party, united for decades around the view that net tax increases are unacceptable, on Wednesday advanced debt-ceiling legislation that would raise taxes by more than $300 billion over a decade, according to official congressional estimates.”“The bill, which passed in the GOP-controlled House and won’t survive the Democratic-led Senate, would repeal clean-energy tax credits that Congress created last year. The changes would shrink breaks for wind energy, solar power, hydrogen and electric vehicles, effectively raising taxes on some manufacturers, car buyers and others.”

Source: ABC News April 29, 2023 16:53 UTC