In a significant development, the U.S. House of Representatives has passed a controversial bill that seeks to cut tax credits and subsidies for clean energy initiatives, notably targeting the Inflation Reduction Act (IRA). This move has left GOP senators in a difficult position as they weigh the implications of slashing support for clean energy jobs and manufacturing in traditionally red states. While the bill aims to benefit fossil fuel industries, experts warn it could lead to the loss of hundreds of thousands of jobs and cause substantial economic damage. Solar stocks are already reacting negatively, with significant declines following the announcement. As the debate progresses, moderates within the party are grappling with how to address the potential fallout from these sweeping changes to energy policy.