Trump hates Biden's climate law. His allies are ma
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Posted On: 10/28/2024 9:07:41 AM
Trump hates Biden's climate law. His allies are making money from it
https://www.reuters.com/world/us/trump-hates-...024-10-25/
Reuters found at least seven of Trump's close allies and fundraisers, or the firms they run, hold hundreds of millions of dollars-worth of stakes in companies that are significant beneficiaries of the tax breaks embedded in the Inflation Reduction Act, Biden's signature climate law.
They include Trump's son-in-law Jared Kushner; his former ambassador to China and continued ally Terry Branstad; and companies run by informal energy advisor and oil mogul Harold Hamm and powerful booster Howard Lutnick.
And Tesla (TSLA.O), , whose founder and CEO Elon Musk has been boosting Trump's campaign, is also benefiting massively from the IRA’s EV and solar credits.
Together, these people and companies hold billions of dollars in investments that qualify for the IRA’s lucrative tax credits and stand to lose big if Trump is able to follow through on his promise to gut Biden’s climate law, according to Reuters reporting.
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https://www.reuters.com/world/us/trump-hates-...024-10-25/
Reuters found at least seven of Trump's close allies and fundraisers, or the firms they run, hold hundreds of millions of dollars-worth of stakes in companies that are significant beneficiaries of the tax breaks embedded in the Inflation Reduction Act, Biden's signature climate law.
They include Trump's son-in-law Jared Kushner; his former ambassador to China and continued ally Terry Branstad; and companies run by informal energy advisor and oil mogul Harold Hamm and powerful booster Howard Lutnick.
And Tesla (TSLA.O), , whose founder and CEO Elon Musk has been boosting Trump's campaign, is also benefiting massively from the IRA’s EV and solar credits.
Together, these people and companies hold billions of dollars in investments that qualify for the IRA’s lucrative tax credits and stand to lose big if Trump is able to follow through on his promise to gut Biden’s climate law, according to Reuters reporting.
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