President Biden on Friday swiped at Republican calls to end clean energy tax cuts as part of a debt limit increase as he signed an executive order creating a new White House Office of Environmental Justice.“The MAGA Republicans in Congress want to repeal climate protections in the Inflation Reduction Act. They’d rather threaten to default the U.S. economy … than get rid of $30 billion in taxpayer subsidies to an oil industry that made $200 billion last year,” he said.

The legislation broadly includes both a $1.5 trillion increase in the debt limit and $4.5 trillion in savings, according to Speaker Kevin McCarthy (R-Calif.).The bill targets tax credits that were included in the Democrats’ Inflation Reduction Act that aim to bolster carbon-free energy sources and combat climate change, including tax credits for electric vehicles as well as solar and wind infrastructure.