Senate Megabill Faces Backlash Over Clean Energy Cuts and New Taxes
The recent GOP megabill, championed by Trump, has raised significant concerns within the clean energy sector due to harsh cuts and new taxes imposed on wind and solar power. Stocks of major solar companies like Sunrun and First Solar have seen fluctuations amid fears that these changes could destabilize future energy projects and undermine progress made in renewable energy. Amendments introduced by lawmakers such as Murkowski aim to alleviate some of the negative impacts on solar and wind tax credits, but many in the industry remain apprehensive about the potential consequences. Critics argue that the bill could cripple the clean energy industry and negatively affect job growth in related sectors, as evidenced by strong disapproval from labor and business groups. The ongoing debates in Congress over the bill reflect a deepening divide on the future of clean energy incentives in the U.S.
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