GOP Plan to Gut Green and EV Subsidies Goes Easier on Solar (1)

House Republicans released their first stab at a bill to extend President Donald Trump’s tax cuts, which would help pay for them by overhauling much of President Joe Biden’s landmark climate law.

The draft framework put out Monday by the Ways and Means Committee takes aim at billions of dollars of incentives in the Inflation Reduction Act, including tax credits for electric vehicles and solar and wind projects — subsidies Trump has derided as part of a “green new scam.”

Several segments of clean energy stand to lose out under the framework, which is an early blueprint and will likely see revisions during the legislative process. ...