Senate Bill Aims to Cut Renewable Energy Incentives and Introduces New Tax
The Senate is poised to pass a controversial bill that proposes significant cuts to wind and solar tax credits while introducing a new tax that could severely impact the renewable energy sector. Critics, including environmental advocates and industry leaders, have voiced concerns that the legislation, dubbed the ‘Big, Beautiful Bill’, will undermine progress towards clean energy and threaten thousands of jobs. Specific measures in the bill have drawn backlash for their potential to cripple state-level solar initiatives and exacerbate utility costs for consumers. As the Senate debates this legislation, lawmakers are warning that these changes could have a devastating impact on the renewable energy workforce and the overall climate agenda.
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