US EditionTax bill passed by House Republicans would gut Biden-era clean energy tax credits
- House Republicans passed a multitrillion-dollar tax breaks package last week that would eliminate or phase out Biden-era clean energy tax credits and impose program cuts.
- The bill follows Biden's 2022 Inflation Reduction Act, which had been seen as a major step for renewable energy, but it now faces opposition including from senators urging continuation of energy tax credits.
- Legislators removed a measure that aimed to transfer roughly 460,000 acres of public territory in Nevada and Utah to local authorities or private parties amidst discussions about land management and housing demands.
- The legislation reduces funding in several areas including food aid programs, student loan support, Medicaid, and efforts to combat climate change, while 15.4% of rural households faced food insecurity in 2023, prompting advocates to call for improvements to SNAP benefits.
- The bill's passage signals a shift toward traditional energy sources and spending cuts but may introduce job creation uncertainty in the energy sector and affect clean energy investments and rural food assistance.
281 Articles
281 Articles
Trump’s budget bill would gut ‘green’ investments in Minnesota
WASHINGTON — Gov. Tim Walz vigorously leveraged federal “green” tax credits — for electric cars, solar panels and other clean energy technologies and projects — that are now on the chopping block as Congress moves forward on President Donald Trump’s game-changing budget. The One Big Beautiful Bill Act that would cut social programs, extend Trump’s first-term tax breaks and raise the nation’s debt ceiling, would phase out former President Joe Bid…
Tax credit cuts could spoil an even more important clean energy goal
The NewsAs budget negotiations grip the US Congress, some lawmakers are already looking ahead to the next big energy fight, one with even higher stakes for clean energy and the AI power race: Permitting reform.Bipartisan discussions “are being seeded now” on the scope of a bill that could speed up approvals for new grid lines and pipelines, and restrict the use of litigation to block such projects, Rep. Scott Peters (D-Calif.) told Semafor, and …
House Republicans vote to repeal landmark climate legislation
After days of intense political infighting between ultraconservative and moderate Republicans, the House of Representatives voted along party lines on Thursday morning to approve a sweeping tax bill that seeks to eviscerate the heart of landmark climate legislation passed by Democrats just three years ago. The 2022 climate law on the chopping block—the Inflation Reduction Act, or IRA—was the first legislation in more than a decade to attempt to…
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