00:00Thanks, Carolyn. Does the President support this new measure in the big, beautiful bill that would impose steep new taxes on new wind and solar projects?
00:11I believe you're referring to the credits for wind and solar projects.
00:18We're talking about the new tax. There's a new tax that it's estimated would add 10 to 20 percent to the cost of any new wind and solar projects that start after this year.
00:28Again, I don't want to comment on the specifics of provisions, but I'm sure the President will speak on that directly.
00:33Again, this is an ongoing process. The President continues to be very much engaged with the leadership in both the Senate and the House to get this bill back to his desk.
00:41Did the President ask for that provision because the National Building Trades Union is saying that it's the equivalent of terminating more than 1,000 Keystone XL pipeline projects?
00:51Is that something that would concern him?
00:52Well, the President spoke on this yesterday in his interview, and he said he understands that legislators want to protect jobs in their communities and in their districts.
01:02And so he understands why some of them are against this provision, but he also understands why people want the provision.
01:08So, again, this is an ongoing deliberation and discussion, and the President is engaged in this very much.
