House GOP cuts, but not kills, wind and solar tax credits

US House Republicans are narrowing in on a compromise within the party over the fate of some clean energy tax credits, and it’s less extreme than the wind and solar industries’ worst fears. Draft budget legislation released Monday targets nearly all of the clean energy tax credits in the Biden administration’s Inflation Reduction Act, with some listed for immediate repeal and others given new phaseout deadlines and hung with additional supply chain restrictions.