US EditionUrge Maine’s senators to fight for clean energy tax credits
- The Senate is considering the House reconciliation bill passed on May 21, 2025, which proposes cuts to clean energy tax credits including those in the Inflation Reduction Act .
- This bill follows concerns raised by Utah Sen. John Curtis on June 4, who urged a targeted 'scalpel vs. Sledgehammer' approach, especially regarding IRA incentives to avoid broad harm.
- The proposed legislation could lead to the shutdown or cancellation of 331 manufacturing facilities, eliminate $286 billion in investments within American communities, and negatively impact close to 7,000 anticipated clean energy initiatives nationwide, including those in Maine.
- Nearly $340 billion in new clean energy investments occurred last year, aided by tax credit transferability, which developers say has made financing much faster and easier according to GE Vernova’s Gaurav Raniwala.
- If cuts to these incentives persist, the U.S. Economy could lose over $1 trillion in GDP between 2026 and 2034 and more than 830,000 jobs by 2030, highlighting risks to economic growth and energy leadership.
12 Articles
12 Articles
The Senate Takes Its First Pass at IRA Repeal
The Senate GOP began working through Trump’s “One Big, Beautiful” budget reconciliation bill this week, and at least so far, it’s hardly deviating from the stark cuts to the Inflation Reduction Act that have already passed the House. Republicans on the Environment and Public Works Committee released their section of the bill on Wednesday evening, and it retains many of the policy repeals and funding rescissions that were in the House version.…
Lewiston Sun Journal
Urge Maine’s senators to fight for clean energy tax credits
On May 22, the House of Representatives passed President Trump’s “big, beautiful bill” that included deep cuts to the 2022 Inflation Reduction Act (IRA) clean energy tax credits. Since the IRA’s passage in 2022, investments in clean energy projects have been made all over Maine. Dozens of companies have created hundreds of Maine jobs, and […]
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