Schumer's $2.4 Trillion Tax Increase - WSJ - The Wall Street Journal
Schumer’s $2.4 Trillion Tax Increase - WSJ
July 26, 2023 6:38 pm ET
Progressive states don’t want to bear the trillions of dollars in costs for building out their green electricity grids. So now Senate Majority Leader Chuck Schumer is directing the Federal Energy Regulatory Commission (FERC) to stick red states with the bill.
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Related Knowledge Center: ENERGY BASICS: coal
The use of coal, a staple of heating and electricity-generation for decades, is in decline in the United States — supplanted by newly abundant production of natural gas — but is still dominant in some parts of the world. While economical, coal use is particularly problematic as international attention focuses increasingly on climate change.