US EditionSenate Republicans Double Down and Target Clean Energy in Draft Tax Bill
- Senate Republicans propose changes to a tax bill that would phase out clean energy tax credits more slowly, but still significantly impact projects like wind and solar, according to Democrats and advocates.
- Senator Ron Wyden expressed concern, stating the Senate bill would cause almost 90% of the damage the House proposal did to clean energy tax credits.
- Analysts warned that canceling residential rooftop solar tax credits and hydrogen production tax credits would lead to higher energy prices and loss of manufacturing jobs, as stated by Jackie Wong and Steven Nadel.
- The proposal accelerates the end of consumer electric vehicle tax credits, moving the timeline up to 180 days after passage, instead of the end of this year.
71 Articles
71 Articles
Senate Republicans Pull Punches On Biden’s Green Energy Freebies
The Senate Committee on Finance unveiled its portion of the GOP reconciliation package on Monday night, leaving much to be desired when it comes to cutting Biden-era green energy tax credits, several energy sector experts told the Daily Caller News Foundation. Compared to the House version, the bill text expands provisions for green energy tax credits granted under […] Senate Republicans Pull Punches On Biden’s Green Energy Freebies
Senate Republicans Look Ready to Kill Clean Energy & EV Tax Credits — Shocker - CleanTechnica
We’ve covered this topic countless times now, so let’s just do a recap with a short bullet list before getting to the latest news: Republican politicians have been heavily funded by the fossil fuel industry for decades. Therefore, even as we have learned more and more about the harms of ... [continued] The post Senate Republicans Look Ready to Kill Clean Energy & EV Tax Credits — Shocker appeared first on CleanTechnica.
The billion-dollar US green hydrogen boom ended before it ever began
This week, Senate Republicans joined their House colleagues in proposing to curtail a slew of clean energy incentives . Losing those could upend many a clean energy business, but the cuts would drive a dagger through the heart of the burgeoning green hydrogen sector in particular. The Senate and House still need to…
Associated Press News
Senate Republicans double down and target clean energy in draft tax bill
A proposal by Senate Republicans would adjust the pace at which some crucial home energy efficiency and electric vehicle tax credits are phased out in timelines different from what House Republicans proposed in the multitrillion-dollar tax bill they passed last month.
Enphase Drops, T-Mobile Falls, JetBlue Lower on Cost Cuts - Stock Movers
On this episode of Stock Movers: Enphase (ENPH) shares drop in the biggest one-day drop since September 2016. Shares of US solar companies fell sharply after Senate Republicans released a bill that would end clean energy tax credits earlier than expected. T-Mobile (TMUS) shares fall after Softbank sold T-Mobile stake for $4.8 billion. It's the biggest US share sale since TD Bank sold a $13.1 billion stake in Charles Schwab in February. The sale …
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