Two Republican senators who have been threatening to block Treasury Department nominees over the administration’s work on renewable energy are expressing lukewarm relief about new tax credit guidance.
Sens. Chuck Grassley of Iowa and John Curtis of Utah issued positive statements Friday about Treasury’s effort in drafting the plan, which rewrites long-running policy for how wind and solar projects can qualify for incentives.
“I appreciate the work of Secretary [Scott] Bessent and his staff in balancing various concerns and perspectives to address the President’s executive order on wind and solar projects,” Curtis said.
“Throughout these conversations, we have shared the goal of responsibly ending the decades-long tax credits for these industries while providing a soft landing.”
