told The Post in a phone interview Friday that Republicans got “caught flat-footed” when the Tax Cuts and Jobs Act (TCJA) passed in December 2017 and the GOP took a drubbing in the midterms the following year, handing Democrats a 41-seat House advantage. Fiscal hawks also wanted hundreds of billions of dollars in solar, wind and other renewable energy tax incentives from President Joe Biden’s Inflation Reduction Act to be stripped if not implemented by the end of 2028 — or if it has not produced at least a 5% return on investment within 60 days of the bill’s enactment. “It’s another reason why we had to start this a year in advance,” he added, noting that getting it to Trump’s desk by July 4 would “be great for the party, but bigger than that, great for the country, and it will also avoid these calamities that would follow us if we don’t get this job done.”
Author: Josh Christenson, Ryan King
Published at: 2025-05-27 21:05:35
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