Senate release of tax package imminent

By Kelsey Brugger | 06/16/2025 06:45 AM EDT

The Finance Committee will say as soon as Monday how it intends to treat Inflation Reduction Act tax incentives.

Senate Finance Chair Mike Crapo holding papers.

Senate Finance Chair Mike Crapo (R-Idaho) has been under pressure to either be lenient or tough on tax incentives from the Democrats' 2022 climate law. J. Scott Applewhite/AP

Advocates and lawmakers alike are anticipating how the Senate Finance Committee will treat numerous contentious issues in the Republicans’ megabill, including clean energy tax credits from the 2022 Inflation Reduction Act.

Chair Mike Crapo (R-Idaho) is on track to unveil most of his bill as soon as Monday, though the panel may put out placeholder language for some hot-button issues.

The House’s “One Bill Beautiful Bill Act” would all but eliminate climate law incentives for wind, solar and hydrogen. Also gone would be consumer credits for electric vehicles.

Advertisement

Crapo told senators last week he wanted to “extend the runway” for some incentives, according Sen. Kevin Cramer (R-N.D.).

GET FULL ACCESS