institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

Senate GOP tax bill could crush wind and solar power, advocates say

  • On July 2, the U.S. Senate, led by Republicans, passed the bill with a 51-50 vote, including Vice President JD Vance's tie-break, phasing out wind and solar tax credits.
  • Prompted by GOP efforts to reduce federal spending, the bill targets 2022 Inflation Reduction Act incentives, expands fossil fuel leases, and blocks methane emission fees.
  • Research from EDF indicates that the bill threatens 700,000 clean energy jobs, with $32 billion in higher household costs and up to $286 billion in investments at risk.
  • With Senate passage complete, the bill moves to the House amid industry uncertainty and projected higher energy costs, with final approval due by July 4.
  • Forecasts warn that the Senate reconciliation bill could reduce clean energy capacity to 114 GW by 2030, with demand rising 15.8% in four years, creating significant shortfalls.
Insights by Ground AI
Does this summary seem wrong?
1 Podcast or Opinion
Podcast Mention
The MeidasTouch Podcast

The MeidasTouch Podcast

Left

Daily News and Politics podcast from The MeidasTouch

GOP Reps Get MASSACRED BY CROSS EXAM at Key Hearing

The MeidasTouch Podcast discusses how the Senate GOP tax bill undermines wind and solar power investments.

The MeidasTouch Podcast
Get Vantage — Podcasts, Ratings, Timestamps

81 Articles

All
Left
23
Center
26
Right
4
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 49% of the sources are Center
49% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

U.S. News broke the news in New York, United States on Monday, June 30, 2025.
Sources are mostly out of (0)