Volts

What the F is happening? Part 2

Apr 21, 2025
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INSIGHT

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.
INSIGHT

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.
INSIGHT

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.
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