Скачать или смотреть Price tag for Biden signature climate law balloons to multiple of initial estimates

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The federal government may end up spending $800 billion more than originally projected to subsidize green energy technologies under the Inflation Reduction Act, fueling a campaign from Republicans and a threat from the legislation's own chief architect to roll back its programs.

Democrats passed the energy and healthcare spending law last August without any Republican support in what became the defining achievement of President Joe Biden's first two years in office. The law expanded existing tax credits for electric vehicles and renewable energy while creating new tax incentives designed to expand manufacturing of those technologies in the United States to serve both the administration's climate change and industrial agendas.

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