The Biden administration is marking the first anniversary of its climate, tax and health care package on Wednesday as House Republicans are doing their best to gouge out big chunks of the funding provided by the bill but remains unspent.
The law had some experts saying the U.S. would move within “striking distance” of Biden’s goal to cut U.S. greenhouse gas emissions in half by 2030 from 2005 levels thanks in part to $270 billion in clean energy tax credits and a fee on methane emissions from oil and gas sites.
One year since, the administration is trying to steer the funding to its intended uses, an effort that House Republicans are trying to obstruct in their fiscal 2024 spending bills.
