Repeal the tax increases and energy credits in the Inflation Reduction Act
What the document says“intermediate tax reform should repeal all tax increases that were passed as part of the Inflation Reduction Act”
The chapter names the book minimum tax, the stock buyback excise tax, the coal excise tax, the reinstated Superfund tax, and excise taxes on drug manufacturers tied to Medicare price controls. It separately asks for full repeal of the subsidies in the same law, including what it describes as dozens of credits and tax breaks for green energy companies.
What the document actually says“intermediate tax reform should repeal all tax increases that were passed as part of the Inflation Reduction Act”
Undo the tax rises in that law. Undo its green energy breaks too.
A 2022 law raised some taxes. It also gave breaks to green energy firms. The book wants both undone.
Ending Market Distorting Subsidies for Unreliable, Foreign-Controlled Energy Sources
2025-07-07 · 90 FR 30821
EO 14315 of July 7, 2025 states a policy of building on the repeal of green energy tax credits in the One Big Beautiful Bill Act and directs the Secretary of the Treasury, within 45 days of that act, to strictly enforce the termination of the clean electricity production and investment credits under sections 45Y and 48E for wind and solar facilities, including by issuing guidance so that beginning of construction rules are not circumvented, and to implement the foreign entity of concern restrictions. Where the fit breaks down: the order repeals nothing itself, and it reaches only the subsidy side. Every tax increase the chapter names is left in place, including the book minimum tax, the stock buyback excise tax, the coal excise tax, the reinstated Superfund tax and the excise taxes on drug manufacturers. The statutory terminations the order enforces sit in sections 70501 to 70515 of PL 119-21, which end a range of clean vehicle, efficiency and clean energy credits but not all of them.
An order of July 7, 2025 tells the Treasury to strictly enforce the end of wind and solar tax credits. It builds on credit cuts made in the 2025 tax law. But the order repeals nothing on its own. It touches only credits, so the tax hikes the chapter lists, such as the stock buyback tax, all stay.
1 agency rule
- Unleashing American Energy and Economic Prosperity; Rural Energy for America Program (REAP)Agriculture Department, Rural Business-Cooperative Service · October 1, 2026
Each of these names the order above in its own summary, preamble or filing. That is a fact about the document, not a finding that it carries out this proposal: it is one step further away than the order is, and what it does about the proposal is a reading nobody has made here.