President Obama's 2016 budget proposal lays bare the deep divisions between the White House and ascendant Capitol Hill Republicans over climate change, oil-and-gas policy, and much more.
The bulk of the plan will go nowhere on Capitol Hill, but it's a useful road map to the political battles that will play out for the remainder of Obama's second-term.
As National Journal reports, the plan would boost federal spending on green-energy technologies. Here are five more important pieces.
Obama really wants to tackle climate through the tax code
The collapse in oil prices is battering the industry, but the White House isn't letting up on his long-proposed (and long-rejected) call to strip billions in tax incentives for oil-and-gas producers. The latest budget plan would strip an estimated $44 billion in industry tax breaks over a decade. That includes the lucrative Section 199 deduction for domestic manufacturing, which Obama doesn't want the oil industry to be able to claim.
On the flip side, the plan continues, despite years of headwinds in Congress, a major push to make the tax code much sweeter for the renewable-energy sector and deployment of its products. It would permanently extend the 30 percent investment for solar-energy systems, and permanently reinstate the lapsed wind-energy production tax credit, at a combined price tag of $31.5 billion over the next decade alone. Those are two of several energy- and climate-related tax proposals, such as $2 billion in refundable credits for installing equipment that traps carbon emissions from power plants, and credits for heavy-duty alternative-fueled vehicles.