Trump Wants To End EV Tax Credits But Yellen Warns of Higher Bills, Lost Jobs, and China's Gain
Portfolio Pulse from Lekha Gupta
U.S. Treasury Secretary Janet Yellen warns against eliminating clean energy tax credits, stating it would increase costs for families, threaten U.S. manufacturing jobs, and give China an advantage. Trump proposes reallocating funds from environmental to infrastructure projects. Bank of America plans a $205 million investment for tax credits from an ethanol producer.
September 06, 2024 | 4:10 pm
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Bank of America plans to invest $205 million in exchange for tax credits from an ethanol producer, which could enhance its green investment portfolio and tax efficiency.
The investment aligns with BAC's strategy to enhance its green portfolio and improve tax efficiency, potentially boosting its reputation and financial performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80