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US Manufacturers Are Stuck in a Rut Despite Subsidies From Biden and Protection From Trump
UNITED STATES, JUL 9 – Trump's executive order reverses Biden-era incentives, cutting wind and solar tax credits and raising household energy costs by over $280 annually by 2035, experts project.
- On Monday in Washington, President Donald Trump signed an executive order cancelling Biden-era green energy incentives, directing federal agencies to eliminate subsidies for wind and solar projects.
- The One Big Beautiful Bill Act followed the passage on July 4, 2025, which rolled back many clean energy incentives created under the Inflation Reduction Act.
- A recent study from Princeton University's Zero Lab projects energy costs rising by $28 billion annually by 2030 and by over $50 billion in 2035, and cuts to clean energy funding could raise nationwide energy costs.
- Amid security concerns, the White House said reliance on renewable subsidies `threatens national security by making the United States dependent on supply chains controlled by foreign adversaries`.
- Ahead of the deadline, Harry Godfrey warned that projects missing the next-year construction deadline would get `cut off at the knees`, and a REPEAT Project report projected $500 billion in investment cuts over the next ten years.
89 Articles
89 Articles
US Manufacturers Are Stuck In A Rut Despite Subsidies From Biden And Protection From Trump
Democrats and Republicans don’t agree on much, but they share a conviction that the government should help American manufacturers, one way or another. Democratic President Joe Biden handed out subsidies to chipmakers and electric vehicle manufacturers. Republican President Donald Trump is building a wall of import taxes — tariffs — around the U.S. economy to protect domestic industry from foreign competition. Yet American manufacturing has been …
Democrats Fail to Sway Voters with Lofty Clean Energy Claims - Real News Now
In the previous year, the Democrat party fell drastically short in firing up voters with the assurance that Joe Biden’s clean energy tax rebates would cut down costs, widen the electricity network, and spawn hundreds of positions. Now, the Democrats are back at the drawing board, tailoring fresh strategies to discredit Republican practices, claiming they will drain Americans’ wallets, hinging this on the recently passed GOP bill. The Democratic …
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