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Republican senators seek to change Senate bill clean energy tax, improve tax credits
- The Senate passed a 51-50 domestic policy bill on Tuesday with Vice President JD Vance casting the tie-breaking vote in Washington, D.C.
- The bill gradually eliminates major financial incentives for renewable energy projects involving wind and solar power that begin operation after 2027 and implements a new levy on those utilizing parts imported from China.
- Clean energy developers and trade groups strongly oppose the last-minute tax provision, warning it will raise costs, freeze investments, and destabilize the industry and grid reliability.
- John Hensley, senior vice president at a leading clean energy trade group, described the tax as punitive and projected that it could raise industry costs by $4 to $7 billion while putting a significant portion of renewable project development at risk.
- The bill's implications include potential job losses, higher consumer energy prices up to 18%, and a risk of delaying clean power capacity expansion amid rising electricity demand.
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69 Articles
People's World
ecotopical.comSenate Republicans just voted to dismantle America’s only climate plan
After three days of nonstop negotiations on Capitol Hill, the Senate voted 51-50 on Tuesday to pass a domestic policy bill that accomplishes much of President Donald Trump’s first-year agenda. Vice President JD Vance cast the tie-breaking vote.
Senate GOPers just voted to dismantle America’s only climate plan
This story was originally published by Grist. Sign up for Grist’s weekly newsletter here. After three days of nonstop negotiations on Capitol Hill, the Senate voted 51-50 on Tuesday to pass a domestic policy bill that accomplishes much of President Donald Trump’s first-year agenda. Vice President JD Vance cast the tie-breaking vote. Three Republicans — Rand Paul from Kentucky, Thom Tillis from North Carolina and Susan Collins from Maine — voted …
Senate-Passed Megabill Modifies Energy Tax Provisions - The Thinking Conservative
Senate Republicans revised some energy tax provisions in sweeping domestic policy bill as part of compromise with holdouts to secure votes. The post Senate-Passed Megabill Modifies Energy Tax Provisions appeared first on The Thinking Conservative.
Associated Press News
Republican budget bill dismantles climate law passed by Democrats
The sprawling Republican budget bill approved by the Senate Tuesday removes a proposed tax on solar and wind energy projects but quickly phases out tax credits for wind, solar and other renewable energy.
Solar and wind excise tax dropped from Senate GOP megabill
Senate Republicans on Tuesday abandoned their effort to impose new taxes on solar and wind energy. Text released by the Senate Rules Committee no longer includes a new tax on solar and wind projects if some of their components come from China. The excise tax had been a last-minute addition to the bill and was made public…
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