Axios
The House gave a reluctant signoff on Thursday to the Senate-passed reconciliation bill, sending it to President Trump's desk on a 218-214 vote after GOP leaders spent another all-nighter pinning down the votes.
The big picture: This is the biggest domestic policy package in years — and legacy-defining legislation for Trump and the GOP majorities in the House and Senate.
- It's going to become law despite all of the doubts voiced by many Republicans and virtually all Democrats.
- It includes the biggest rewrite of Medicaid in decades and a sharp phaseout of IRA energy tax credits along with an extension of Trump's 2017 tax cuts.
- Two House Republicans — Thomas Massie and Brian Fitzpatrick — voted against the final package.
What's inside: The bill maintains language that would restrict tax credits to wind and solar projects that were "placed in service" by the end of 2027.
- That's a much more difficult hurdle to clear as projects are often delayed in the grid review process.
- But it includes a new carveout from the tax credit phaseout for wind and solar projects that begin construction less than one year after the bill's enactment.
- The changes mark a modest win for the renewable sector. But they angered House Freedom Caucus members, who wanted to see further cutbacks to wind and solar.
Rep. Ralph Norman, who had been among the holdouts, told CNBC before the vote that Trump promised Freedom Caucus members he would address their concerns about wind and solar.
- "Trump is going to use his powers, like on the subsidies ... a lot of them won't remain in effect from here on out," Norman said.
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