"The costs of energy-related tax provisions are much higher than ... originally projected," said Congressional Budget Office director Philip Swagel.
www.cnbc.com
Budget office projects Biden green energy plan will cost much more than initial estimate
WASHINGTON — The U.S. budget deficit will grow by an estimated $1 trillion over the next 10 years, the nonpartisan Congressional Budget Office projected in a
new report Wednesday.
Part of that growth will be driven by unexpectedly high costs related to President Joe Biden’s signature policy goal: Reorienting the U.S. economy towards greener energy, the CBO found."
" The Congressional Budget Office estimates the federal deficit will grow by $1 trillion over the next 10 years.
Part of that growth will be driven by unexpectedly high costs related to President Joe Biden’s signature policy goal: Reorienting the U.S. economy to greener energy.
EV tax credit costs and falling gas tax revenues will add $224 billion to the deficit over 10 years, CBO projects."
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Besides the 'cost' there is the reality that China was and probably still building coal electric plants that aren't 'clean' plants, and 'our' world wide air isn't getting better.
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