A government shutdown would have a cascading economic impact, starting slowly and snowballing over time.
The program provides a 30% tax credit for for clean technologies, including carbon capture systems.
The Treasury Department effectively expanded eligibility for a lucrative $7,500 consumer EV tax credit.
The tax and energy bill passed Sunday after a year and a half of rocky negotiations.
The proposal would levy a 16.4-cents-per-barrel tax on crude oil and other petroleum products.
The deal proposal includes more oil and gas lease sales on public lands and waters.
It would amount to the biggest tax hike in years.
His decision is a de facto veto of Biden's hopes to revive the economic plan that fizzled last year.
The changes could mean that both U.S. corporations and wealthy households end up facing smaller tax hikes.
The bill would give the FTC to pursue cases of gas price manipulation.