McCarthy’s debt ceiling proposal guts economic revitalization efforts in coal communities

By Dan Radmacher | April 19, 2023 |

Today, House Speaker Kevin McCarthy unveiled bill text for a proposal to lift the debt ceiling while significantly reducing funding for government programs. The proposal includes provisions to repeal advanced manufacturing tax credits and advanced energy tax credits enacted as part of the Inflation Reduction Act, including bonus incentives for projects in “energy communities” designed to help communities impacted by coal mine closures and power plant closures recover and grow new clean energy job opportunities.

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