Derek Theurer’s bid to to be deputy undersecretary for legislative affairs at the Treasury Department has stalled as Senate Republicans seek a gradual off-ramp of wind and solar tax credits, said Sen. Chuck Grassley (R-Iowa), a senior member of the Finance Committee.
“We’re going to keep the holds on for a while,” Grassley told Bloomberg Tax after meeting with other moderate senators and those representing renewable energy producing states. “We’re all in this together.”
Grassley, along with Sen. John Curtis (R-Utah), had previously objected to voting on some of President Donald Trump’s other Treasury picks. The senators are concerned that ...