The Senate has carried out a series of blows to solar and wind in the latest version of President Donald Trump’s “One Big and Beautiful” bill (OBBB), removing a page from the script of House Republicans to undercut former President Joe Biden’s outstanding green energy tax credit in the former president. [emphasis, links added]
The Senate’s new proposal will raise deadlines for solar and wind projects, hoping to obtain production and investment tax credits by requiring power generation by the end of 2027.
The additional cuts to the green energy tax credit are within the public scope of the president’s initial proposal to the House of Lords, which delayed the termination of solar and wind subsidies.
“Windmills and other 'trash' are the most expensive and efficient energy in the world, which destroys the beauty of the environment and costs 10 times more than any other energy.
The Upper House amendment bill will also impose new taxes on wind and solar projects, with components from foreign entities such as China.
Senate Democrats mentioned a new GST tax to punish renewable industries for their dependence on Chinese materials as “economic self-destruction” and carried out a “complete massacre” of the solar and wind industries.
Republican Utah Senator Mike Lee is one of several Republican senators, prompting the House of Lords to actively crack down on solar and wind tax credits in the president's landmark bill.
Utah Republicans tend to wholesale abolish green energy subsidies, although Congress will likely stop considering opposition from moderate Republicans.
Republican North Carolina Sen. Thom Tillis told reporters Saturday that the Senate Financial Panel’s decision to accelerate solar and wind subsidies by the end of 2027 was “disappointing”.
He also suggested that failure to maintain green energy tax breaks would have negative economic consequences for his state.
Tillis, one of several Republican senators, promised to vote on the president's landmark tax and immigration bill, citing legislation's reforms to Medicaid.
Elon Musk, the richest man in the world and former head of the Department of Government Efficiency (DOGE), slammed Senate Republicans for shrugging green energy subsidies in their proposals, accusing Republican senators of putting “millions of jobs” on chopping streets.
“The latest draft Senate bill will destroy millions of jobs in the United States and cause huge strategic damage to our country!” Musk, founder of electric vehicle maker Tesla, wrote on his social media platform X. “It provides handouts for past industries, while also severely undermining future industries.”
Supporters of the termination of green energy subsidies believe that news delivery in the green energy industry reveals its reliance on government funds to remain profitable.
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