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Senate Republicans Double Down and Target Clean Energy in Draft Tax Bill
- Senate Republicans propose changes to a tax bill that would phase out clean energy tax credits more slowly, but still significantly impact projects like wind and solar, according to Democrats and advocates.
- Senator Ron Wyden expressed concern, stating the Senate bill would cause almost 90% of the damage the House proposal did to clean energy tax credits.
- Analysts warned that canceling residential rooftop solar tax credits and hydrogen production tax credits would lead to higher energy prices and loss of manufacturing jobs, as stated by Jackie Wong and Steven Nadel.
- The proposal accelerates the end of consumer electric vehicle tax credits, moving the timeline up to 180 days after passage, instead of the end of this year.
79 Articles
79 Articles
Clean energy has fans in Trump’s America, complicating budget talks
In an industrial building in the Salt Lake City suburb of Clearfield, Utah, long strips of U.S.-made steel were fed through machines that punctured, bent and cut them into rods that will soon hold solar panels on rooftops.
Senate GOP would gut EV incentives and provisions to move U.S. away from fossil fuels
Tax credits for clean energy and home energy efficiency would still be phased out, albeit less quickly, under Senate Republicans’ latest proposed changes to a massive tax bill. Electric vehicle incentives and other provisions intended to move the United States away from fossil fuels would be gutted rapidly. Senate Republicans cast their version of the bill as less damaging to the clean energy industry than the version House Republicans passed la…
Republicans hope for negotiated megabill deal early next week
The ScoopSenators are furiously lobbying Republican leadership and Finance Chair Mike Crapo to make changes to the chamber’s megabill, hoping to clinch deals on everything from Medicaid to energy tax credits in time to start debate by early next week. “Our plan is to try releasing something at the beginning of next week, and start the process of getting the vote-a-rama and everything set up by the end of next week,” Sen. Markwayne Mullin, R-Okla…
Senate Republicans Pull Punches On Biden’s Green Energy Freebies
The Senate Committee on Finance unveiled its portion of the GOP reconciliation package on Monday night, leaving much to be desired when it comes to cutting Biden-era green energy tax credits, several energy sector experts told the Daily Caller News Foundation. Compared to the House version, the bill text expands provisions for green energy tax credits granted under […] Senate Republicans Pull Punches On Biden’s Green Energy Freebies
Clean Technica
ecotopical.comSenate Republicans Look Ready to Kill Clean Energy & EV Tax Credits
We’ve covered this topic countless times now, so let’s just do a recap with a short bullet list before getting to the latest news: Republican politicians have been heavily funded by the fossil fuel industry for decades. Therefore, even as we have learned more and more about the harms of ... [continued] The post Senate Republicans Look Ready to Kill Clean Energy & EV Tax Credits — Shocker appeared first on CleanTechnica.
The billion-dollar US green hydrogen boom ended before it ever began
This week, Senate Republicans joined their House colleagues in proposing to curtail a slew of clean energy incentives . Losing those could upend many a clean energy business, but the cuts would drive a dagger through the heart of the burgeoning green hydrogen sector in particular. The Senate and House still need to…
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