A company that sucks carbon out of the air and a prominent beermaker are part of a lobbying push on Capitol Hill this week urging lawmakers to save hundreds of billions of dollars’ worth of tax credits to promote renewable energy and address climate change.
Led by the nonprofit group Ceres, the advocacy push comes as House tax writers prepare to hash out exactly how Republicans will pay to extend the expiring 2017 tax cuts — a major part of President Donald Trump’s campaign promise.
Republican leaders have recently suggested they would lean heavily on cutting tax incentives and other spending in the landmark climate law, the Inflation Reduction Act, and shy away from big cuts to Medicaid.
But businesses and energy companies, long aligned with Republicans, are looking to sway GOP lawmakers as they craft a budget reconciliation package that can pass along party lines.
