On February 12, 2018, President Donald Trump released his fiscal year 2019 budget proposal entitled “An American Budget.” Though Congress will not implement the proposal in its entirety, it still demonstrates what the Trump Administration would like to see prioritized in the coming year, which does not include climate change research. President Trump’s proposal would cut the National Oceanic and Atmospheric Administration’s climate research by more than one third, which would include cutting research into sea level rise.
Earlier today our colleagues in the Energy Technology practice posted an article regarding this morning’s congressional agreement on a year-end spending and massive tax deal that will bring 5-year extensions to both the Investment Tax Credit and Production Tax Credit. If passed through Congress and signed into law by President Obama, these agreements have major implications for commercial and residential real estate.
Click here to access the full article and see what the buzz is all about!