While President-elect Donald Trump can direct the administration to review regulations, including tax regulations implemented through the Inflation Reduction Act (IRA), Bracewell’s Tim Urban explained to Microgrid Knowledge that the IRA can only be repealed by Congress passing another law.
“If the GOP indeed achieves a so-called ‘trifecta’ – i.e., control of White House, Senate and House – they will be able to process a budget reconciliation bill nullifying Democrats’ ability to filibuster in the Senate,” Urban said.
