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Trump's Treasury Secretary nominee Paulson: Working with Musk to reduce expenses, especially by canceling green energy subsidies, has Asia's giants at a loss?
Abolishing the current Clean Energy Tax Reduction Policy in the existing 'Inflation Reduction Act' could increase tax revenue by approximately $921 billion over a decade. For Asian giants such as Toyota and Hyundai engaged in electric vehicles, wind power, and other renewable energy industries, President Trump and his allies' plan to abolish the Clean Energy Tax Reduction Policy would harm their financial condition and reduce the attractiveness of the USA market.
Both solar and wind energy subsidies should be cut! Potential Treasury Secretary under Trump: will work with Musk to reduce federal spending.
①John Paulson, a major donor to Donald Trump, recently stated that if he becomes the new Secretary of the Treasury of the United States, he will collaborate with tesla CEO Musk to formulate policies that significantly reduce federal spending. ②Paulson stated that all tax subsidies for inefficient and uneconomic energy sources such as cecep solar energy and wind energy should be eliminated, which will reduce fiscal expenditures.
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