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Musk criticizes Trump bill over abrupt end to energy tax credits

  • Elon Musk criticized a Republican-led House bill passed in late May 2025 that abruptly ends energy tax credits in the U.S., threatening clean energy incentives.
  • The bill emerged amid partisan debates, with the House passing it unanimously among Republicans and President Trump supporting it, while Senate opposition and Democratic resistance persist.
  • The legislation would eliminate $522 billion in tax incentives from the Inflation Reduction Act, roll back renewable energy support, and favor traditional energy sources like nuclear and fossil fuels.
  • Musk stated that abruptly ending credits would threaten grid reliability and urged a sensible wind down of solar-related incentives, while Tesla’s energy division noted steady growth despite the policy risks.
  • Experts warn the bill could raise electricity costs by 10%, jeopardize 790,000 jobs, increase reliance on foreign energy, and slow U.S. Clean energy manufacturing, implying significant long-term impacts.
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The Republicans of the House of Representatives passed a bill that directly attacks the future of our community. They voted to eliminate tax credits for clean energy, putting at risk more than 400,000 new well-paid jobs in the manufacturing industry—jobs on which many Latino families depend to get ahead.By Antonieta Cádiz - Deputy Executive Director of Climate Power In Action.

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The Hill broke the news in Washington, United States on Thursday, May 29, 2025.
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