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Monday, May 20, 2024

Joe Manchin: What's in US Democrats' 'inflation-fighting' bill?

The bill invests $369bn (£305bn) into tax incentives for renewable energy production. That includes $60bn in tax credits for clean energy manufacturing, $30bn in tax credits for wind and solar production, and tax breaks for consumers who go green – such as a $7,500 write-off on new electric vehicle purchases for anyone making $75,000 or less annually.

Source: BBC

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