$270 billion is being dedicated to various climate tax incentives.
The Treasury Department recently issued three requests for public input, asking for comments on how best to implement funding for climate tax incentives.
“These Notices are part of Treasury’s ongoing efforts to engage a broad spectrum of taxpayers and stakeholders to inform its work implementing the Inflation Reduction Act,” the department stated. “Nearly three-quarters of the bill’s $369 billion climate change investment – $270 billion – is delivered through tax incentives, putting the Department at the forefront of this landmark legislation.”
During the comment window, the Treasury Department will also host Tribal consultations to seek out their specific input on tax incentives that affect Tribal governments and Alaskan Native Corporations.
As the Lord Leads, Pray with Us…
- For U.S. treasury officials to seek God’s direction as they implement climate tax incentives.
- For the American public to take advantage of every opportunity to supply feedback on department policies during comment periods.
- For wisdom for Secretary Janet Yellen as she oversees the Treasury Department.
Sources: Department of the Treasury
