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News in English (USA) / 28.06.2025 / 19:00

Congress Faces Crucial Vote on Major Tax Bill Impacting Renewable Energy

As Congress prepares for a significant vote on the newly released GOP tax megabill, the renewable energy sector is bracing for potential setbacks. Key provisions in the bill propose a shorter phase-out for wind and solar credits, raising concerns among industry leaders about job losses and increased energy costs for consumers. Advocates warn that cutting clean energy tax credits could lead to devastating effects on the climate and economy, particularly in states like Florida and Texas, where the loss of tax incentives could drive up electricity bills and eliminate thousands of jobs. Despite pushback from some Republican factions and environmental groups urging legislators to oppose these cuts, support for the bill remains strong among others in the GOP. As the debate heats up, the future of U.S. energy independence and the viability of solar and wind programs hang in the balance.
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