Jun. 23 at 10:57 PM
$NXT
According to the article in the link below, from June 23, 2025, the Senate Parliamentarian MacDonough "cleared Republicans clawing back spending from the Inflation Reduction Act but said repealing the underlying law would not conform with budget reconciliation".
Hence in order for the draft suggested in the previous week to pass in the Senate [the draft which enforces a fast phase-out and other modifications to various tax credits related to clean energy such as 25D, 45X, 48E], it must be approved by a majority of at least 60 senators [Byrd Rule]. Since this is not possible without the support of at least 7 Democrat senators, the practical meaning is that apparently the various tax credits for clean energy are safe.
The strange thing, however, is that this information was essentially published already on June 20, 2023, and yet has not received much attention and reaction from the market.
Have I missed here something basic?
https://www.eenews.net/articles/uncertainty-surrounds-megabill-endgame/
