Tag: Tax Cut and Jobs Act

Repealing the Clean Energy Credits: A Macroeconomic Assessment of the GOP Proposal

Mar 11, 2024

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by

Mary Eschelbach Hansen

in Publications, Reports, Science and Technology Policy

This brief explains a new analysis of a Republican proposal to repeal the clean energy credits from the 2022 Inflation Reduction Act. The analysis finds that withdrawal of the clean energy credits would reduce GDP by approximately 2% in the long run from its anticipated level under current policy, while depressing employment and wages by…