Insights: Energy

Energy, Healthcare, Macro

Last night, the Senate Finance Committee (SFC) released its draft contribution to the reconciliation bill, covering taxes and Medicaid. Notably, the SFC draft is more aggressive than the House version of the bill in cutting Medicaid, takes a slightly more moderate approach to the House’s cuts to IRA clean energy credits, and extends the SALT cap...

Energy, Financials, Healthcare, Macro, Tech / Media / Telecom

Senate Republican negotiations on changes to the House-passed reconciliation bill are intensifying. It appears that changes under consideration in the Senate increase the deficit by ~$600-700b beyond the House-passed bill’s $2.4t deficit impact, though there is consideration of adding provisions to try to close that gap. House conservatives are...

Energy, Financials, Healthcare, Macro, Tech / Media / Telecom

Senate Republicans have indicated that the committees responsible for various components of their emerging reconciliation legislation will be releasing draft text in the next couple of days. The Senate Finance Committee, which is responsible for taxes and entitlement programs (e.g., Medicaid, ACA) is likely to be last, with release of its text...

Electric Vehicle (EV) Regulations & Tax Credits

President Trump and Congressional Republicans are taking a variety of steps to reverse EV policy across several dimensions. The Senate last week passed a Congressional Review Act (CRA) resolution, which has already been passed by the House, and will be signed by Trump, that eliminates the waiver enabling CA to impose auto emission standards that...

IRA Clean Energy Credits

The House Ways and Means (W&M) Committee is expected to vote on tax provisions of the reconciliation bill the week of 5/12, and it would be typical for drafts of the legislation to begin circulating the week prior to a committee vote (i.e., in the next few days). One of the areas of the emerging tax legislation that has seen the most lobbying is...

Energy, Financials, Healthcare, Macro, Tech / Media / Telecom

In the coming weeks, House Republicans are planning to take the first steps on their “reconciliation” (tax/spending) legislation, with different committees voting on the individual components of the bill for which they are each responsible. Speaker Johnson continues to say he wants to have the reconciliation bill enacted into law by the end of...