There’s one Biden-era tax credit that conservative economists and clean energy advocates both adamantly oppose for wasting taxpayer dollars without achieving any emissions reductions.
It happens to be the only clean energy tax credit the Republican-controlled House extended in its reconciliation bill.
The clean fuel production credit provides a generous subsidy for energy made from corn, soybeans, food waste or other bio-based products. It is wildly popular with the agricultural and ethanol business communities, who see it as ensuring a new future revenue source for American farmers.