Dec. 21, 2021: What’s Next for the BBBA?
Sen. Joe Manchin, D-West Virginia, announced Sunday that he wouldn’t vote for the Build Back Better Act–a crucial blow to the signature legislation of President Joe Biden’s administration, a bill that included major green energy and affordable housing provisions. In today’s podcast, Michael Novogradac, CPA, is joined by Novogradac director of public policy and government relations Peter Lawrence and Tony Grappone, a partner at Novogradac, to discuss what’s next for Congress and the reaction of those in the clean energy world to Manchin’s announcement. They discuss how Congress got to this point, what legislative vehicles could involve tax extenders, which community development tax incentives are expiring, how the green energy world is reacting and whether some tax incentives could be enhanced as well as expanded. They also discuss the role of the child tax credit in the BBBA and what provisions might be in future Build Back Better legislation.