House Speaker Johnson supports retaining certain Biden administration clean energy tax incentives.

• The Inflation Reduction Act, President Joe Biden's landmark clean energy bill, has been beneficial to the economy overall, according to House Speaker Mike Johnson.
• The 2017 tax law's expiration date is 2025, and negotiations about extending it are ongoing.
• Eighteen House Republicans requested that Johnson retain certain energy tax credits.

Speaker Mike Johnson of the U.S House announced plans to retain certain clean energy tax credits passed under President Biden while aiming to eliminate others, as the upcoming tax battle in Washington next year comes into focus.

In an interview with CNBC, the Louisiana Republican stated that it would be impossible to completely destroy Biden's Inflation Reduction Act, a comprehensive climate and economic bill that was signed into law in 2022.

"Johnson stated at the Riggs Washington D.C. hotel on Tuesday that it's crucial to use a scalpel instead of a sledgehammer when dealing with the provisions in the law, as they have helped overall. He also pointed out that most of the law is detrimental to the economy."

Johnson stated that he would not reveal which provisions he would keep, saying he is not yet committing to any specifics.

Johnson is not the only Republican who wants to preserve parts of the IRA, and he is not the only one who won't specify which parts he would keep.

In a letter sent last month, over a dozen members of Johnson's party, many of whom are facing tough re-election battles, requested that the speaker maintain some of the tax credits and deductions in the IRA.

Some provisions have resulted in increased development and growth in their districts, as noted by the letter. However, it was not specified which particular measures the lawmakers intended to maintain.

The 18 lawmakers wrote that repealing energy tax credits prematurely, especially those used to justify investments that have already started, would harm private investments and halt ongoing development.

A full repeal would result in a worst-case scenario where we would have spent billions of taxpayer dollars with little to no return, according to them.

Johnson spoke to CNBC after delivering a major speech on the economy at an event hosted by America First Policy Institute, a non-profit think tank led by Trump White House alums and affiliated with former President Donald Trump's policies.

In his speech, Johnson criticized the tax credits and deductions in the IRA, which provide advantages for electric vehicles, solar and wind facilities, biofuels, nuclear power, and energy-efficient buildings.

He stated at AFPI that he would reduce spending on the Green New Deal in the Democrat's Inflation Reduction Act.

Preparations are underway among lawmakers for a fight over whether to renew certain parts of the 2017 Tax Cuts and Jobs Act, which will expire at the end of next year.

Johnson stated that he would expand and enhance the Trump-era tax cut package, provided the Republicans maintain control of the House in the upcoming year.

Several Republicans, including Trump, have considered rolling back IRA tax credits as a way to offset extending tax cuts and generate revenue.