{"id":30739,"date":"2025-06-29T16:00:40","date_gmt":"2025-06-29T16:00:40","guid":{"rendered":"http:\/\/medexperts.pro\/?p=30739"},"modified":"2025-06-29T16:24:23","modified_gmt":"2025-06-29T16:24:23","slug":"g-o-p-bill-adds-surprise-tax-that-could-cripple-wind-and-solar-power","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=30739","title":{"rendered":"G.O.P. Bill Adds Surprise Tax That Could Cripple Wind and Solar Power"},"content":{"rendered":"
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Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.<\/p>\n

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Senate Republicans have quietly inserted provisions in President Trump\u2019s domestic policy bill that would not only end federal support for wind and solar energy but would impose an entirely new tax on future projects, a move that industry groups say could devastate the renewable power industry.<\/p>\n

The tax provision, tucked inside the 940-page bill<\/a> that the Senate made public just after midnight on Friday, stunned observers.<\/p>\n

\u201cThis is how you kill an industry,\u201d said Bob Keefe, executive director of E2, a nonpartisan group of business leaders and investors. \u201cAnd at a time when electricity prices and demand are soaring.\u201d<\/p>\n

The bill would rapidly phase out existing federal tax subsidies for wind and solar power by 2027. Doing so, many companies say, could derail hundreds of projects under development and could jeopardize billions<\/a> of dollars in manufacturing facilities that had been planned around the country with the subsidies in mind.<\/p>\n<\/div>\n<\/div>\n

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Those tax credits were at the heart of the Inflation Reduction Act, which Democrats passed in 2022 in an attempt to nudge the country away from fossil fuels, the burning of which is driving climate change. President Trump, who has mocked climate science, has instead promoted fossil fuels and demanded that Republicans in Congress unwind the law.<\/p>\n

But the latest version of the Senate bill would go much further. It would impose a steep penalty on all new wind and solar farms that come online after 2027 \u2014 even if they didn\u2019t receive federal subsidies \u2014 unless they follow complicated and potentially unworkable requirements to disentangle their supply chains from China. Since China dominates global supply chains, that measure could affect a large number of companies.<\/p>\n

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Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.Senate Republicans have quietly inserted provisions in President Trump\u2019s domestic policy bill that would not only end federal support for wind and solar energy but would impose an entirely new tax on future projects, a move that industry groups say could devastate the renewable power industry.The tax provision, tucked inside the 940-page bill that the Senate made public just after midnight on Friday, stunned observers.\u201cThis is how you kill an industry,\u201d said Bob Keefe, executive director of E2, a nonpartisan group of business leaders and investors. \u201cAnd at a time when electricity prices and demand are soaring.\u201dThe bill would rapidly phase out existing federal tax subsidies for wind and solar power by 2027. Doing so, many companies say, could derail hundreds of projects under development and could jeopardize billions of dollars in manufacturing facilities that had been planned around the country with the subsidies in mind.Those tax credits were at the heart of the Inflation Reduction Act, which Democrats passed in 2022 in an attempt to nudge the country away from fossil fuels, the burning of which is driving climate change. President Trump, who has mocked climate science, has instead promoted fossil fuels and demanded that Republicans in Congress unwind the law.But the latest version of the Senate bill would go much further. It would impose a steep penalty on all new wind and solar farms that come online after 2027 \u2014 even if they didn\u2019t receive federal subsidies \u2014 unless they follow complicated and potentially unworkable requirements to disentangle their supply chains from China. Since China dominates global supply chains, that measure could affect a large number of companies.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":30741,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-30739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/30739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30739"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/30739\/revisions"}],"predecessor-version":[{"id":30742,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/30739\/revisions\/30742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/30741"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}