Treasury Seeks Public Input for Climate Tax Breaks

Feedback is requested on the use of the $270 billion allocation.

The Treasury Department published a request for public input this past week, seeking insights on how best to implement the $270 billion allocated for climate tax breaks through the Inflation Reduction Act. Providing tax breaks for electric vehicles, clean manufacturing, and energy efficiency requires many details to execute properly. One example is how easily consumers can receive $4,000 in incentives if they apply for a tax break on their purchase of a used electric vehicle.

Secretary of the Treasury Janet Yellen said, “The Treasury Department stands ready to meet the responsibility that comes with implementing this legislation and looks forward to engaging with stakeholders and the public who will benefit from the law’s provisions.”

“We have to get implementation right. That means we have to listen, engage, and move quickly to translate policy into action,” said John Podesta, Senior Advisor to the president for clean energy innovation and implementation.

As the Lord Leads, Pray with Us…

  • For Senior Advisor Podesta as he provides information and recommendations to the president.
  • That Secretary Yellen would seek God’s wisdom as she oversees the Treasury Department.

Sources: Treasury Department, Reuters


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