7. Climate change
During his campaign, Joe Biden talked about global warming, highlighting his desire to change things. His climate change plan includes several tax policy provisions. One of them is called the ‘Clean Energy Revolution.’
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This tax policy involves the fully electric vehicle tax credit, more tax breaks for those who seek energy efficiency in their homes and, an increase in tax incentives for carbon use, storage, and capture. President Biden also made it clear that he will always support a carbon tax.