House Energy, Ways and Means Committees Release Budget Bills Cutting Medicaid, Energy Tax Credits
House Energy, Ways and Means Committees Release Budget Bills Cutting Medicaid, Energy Tax Credits

House Energy, Ways and Means Committees Release Budget Bills Cutting Medicaid, Energy Tax Credits

News summary

House Republicans are advancing a budget reconciliation bill that includes significant cuts to Medicaid, renewable energy tax credits, and climate-related spending established under the Biden administration. The House Energy and Commerce Committee proposes more frequent eligibility checks and funding changes for Medicaid, with Republicans arguing these reforms strengthen the program while Democrats warn they would harm coverage and access to care. Meanwhile, the House Ways and Means Committee unveiled legislation to repeal or reduce key clean energy incentives from the Inflation Reduction Act, such as electric vehicle tax credits and clean hydrogen production incentives, despite concerns from some Republicans about impacting state-level projects. The Energy and Commerce Committee's bill also targets EPA’s Greenhouse Gas Reduction Fund, vehicle emissions rules, and methane fees, while introducing new fees on natural gas export permits. Republicans emphasize extending the 2017 Trump tax cuts as central to their economic agenda, with Democrats criticizing the process for lacking transparency and predicting the legislation will favor billionaires and cut health care. The reconciliation package reflects deep partisan divides over climate policy, health care funding, and tax priorities as Congress moves toward finalizing the budget plan.

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