Biden: Endangered clean energy program funds could be used for green tax incentives
President BidenJoe Biden Biden: Democrats’ spending plan is “bigger deal” as Obamacare Biden says open to change, clearing filibuster to advance voting rights Biden: Comment DOJ should prosecute those who challenge “inappropriate” assignments PLUS sought to allay concerns about the climate aspects of its infrastructure program Thursday night, telling a CNN town hall that funds for an endangered clean energy program could be redirected to tax incentives.
Biden was asked about the Clean Electricity Performance Program (CEPP), which would provide financial incentives for utilities switching to renewables and financial penalties for those who did not. The New York Times reported last week that the program Sen. Joe manchinJoe Manchin Biden: Negotiating assault weapons ban harder than infrastructure, Biden reconciliation deal says expanding medicare to include hearing, dental and vision a “reach” Biden says health insurance paid leave proposal is reduced from 12 to 4 weeks PLUS (DW.Va.) said he would not support, is likely to be withdrawn from the bill.
The president acknowledged Manchin’s objection to the program but rebuffed moderator Anderson Cooper’s claim that it had already been removed from the bill.
“The point is we can take that $ 150 billion, add it to the $ 320 billion that’s in law now that he’s ready to support tax incentives, to get people to act in a way that they can do things. that need to be done “on tasks such as window upgrades,” Biden said.
Biden added that “nothing has been formally agreed” on the concessions to the West Virginia Democrat.
âI said to Joeâ¦ if we don’t do it in terms of the power grid, what we’ll do is give me that $ 150 billion. I’m going to add it so that I can do other things that allow me to do things that don’t directly affect the power grid in the way that there is a penalty but allow me to spend the money to set up new technology, âhe said.
“For example, we can save significant sums and, as a consequence, this significant amount of energy if, in fact, we are able to put the high voltage wires underground,” he continued, citing environmental degradation and forest fires associated with downed aboveground towers.
âThere’s a lot that Joe is open to me convincing him that I can use it to increase environmental progress without it being this particular deal,â the president said.
Manchin first voiced his opposition to CEPP a few weeks ago, while The Times reported it would likely be dropped last week. Some party climate hawks have signaled that they would support a bill without the program if it contains other environmental provisions.