
Reconciliation, infrastructure bills will mostly meet Biden’s climate emissions goals, Schumer says
CNNCNN — An analysis from Senate Majority Leader Chuck Schumer’s office estimates that combined, the bipartisan infrastructure bill and $3.5 trillion budget reconciliation bill can meet the majority of President Joe Biden’s target to drastically slash emissions by the end of the decade. Though the analysis Schumer cites combines the impacts of both the bipartisan infrastructure bill and the reconciliation bill, it also shows the vast majority of the emissions reduction would be achieved through budget reconciliation. Close to 42% of the goal would be achieved from a Clean Electricity Payment Program and clean energy tax incentives to vastly expand wind, solar and other renewable energy technology, according to Schumer’s analysis. “Everyone knows you’ve got to get rid of coal, but nobody has the ability to say here’s what’s going to be in the actual bill and here’s an assessment of that.” Schumer told senators his team “aggregated the best available data from a wide range of organizations that specialize in policy analysis for each emissions reducing policy in the Infrastructure Investment and Jobs Act, and each proposed policy for the budget resolution.” The letter also reiterated the numbers are expected to change; the budget reconciliation bill and accompanying tax plan still have yet to be written.
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