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IRA Tax Credits vs Trump Tax Cuts
- The fate of Inflation Reduction Act (IRA) tax credits hinges on budget reconciliation and Trump's large tax cuts.
- Budget math and politics both influence whether IRA credits survive the budget resolution process.
Potential Senate Budget Rule Shift
- Republicans consider changing Senate budget scoring rules to treat Trump tax cuts as baseline, making them 'free.'
- This could severely undermine reconciliation rules and produce large deficits without offsets.
DOE Powers Trump Coal Order
- Trump's coal executive order empowers DOE to designate power plants as essential and force them to remain open.
- This overrides owners and regulators if closure threatens grid reliability, often compensating plants to keep operating.