Sign In

Delhi News Daily

  • Home
  • Fashion
  • Business
  • World News
  • Technology
  • Sports
  • Politics
  • Lifestyle
  • Entertainment
Reading: Big Beautiful Bill: Tax, subsidy cut on clean energy trigger outrage – Times of India – Delhi News Daily
Share

Delhi News Daily

Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Delhi News Daily > Blog > World News > Big Beautiful Bill: Tax, subsidy cut on clean energy trigger outrage – Times of India – Delhi News Daily
World News

Big Beautiful Bill: Tax, subsidy cut on clean energy trigger outrage – Times of India – Delhi News Daily

delhinewsdaily
Last updated: July 1, 2025 2:09 am
delhinewsdaily
Share
SHARE


Big Beautiful Bill: Tax, subsidy cut on clean energy trigger outrage

Washington: The US Senate’s proposed cuts to clean energy subsidies and the introduction of a new tax on wind and solar energy in its version of President Donald Trump’s tax and spending bill have drawn searing criticism from business and labour groups since they were unveiled over the weekend, with some arguing the moves could lead to power shortages, raise power prices and kill jobs.The pushback, which includes a swipe from Trump ally and Tesla CEO Elon Musk, comes as senators started voting on a potentially long list of amendments to the bill on Monday, giving renewable energy advocates on both sides of the political spectrum a last window to push for changes.“Taxing energy production is never good policy, whether oil & gas or, in this case, renewables,” said Neil Bradley, policy director of the US Chamber of Commerce, in a post on X over the weekend. “Electricity demand is set to see enormous growth & this tax will increase prices. It should be removed.”“This would be incredibly destructive to America!” Musk posted on X, saying the cuts could endanger the development of energy-hungry artificial intelligence technology, among other things.Trump has said he intends to maximise US energy production, with a focus on fossil fuels, in part to ensure the power industry can supply the AI industry’s growth. But he has also promised to wipe out subsidies for renewables. The Senate bill would roll back incentives for wind, solar, batteries and other clean energy technologies created by President Joe Biden’s 2022 Inflation Reduction Act, and add a new tax on these projects if they cannot prove their products are made without Chinese parts.Energy secretary Chris Wright on Monday seemed to brush off warnings about the loss of generation capacity amid soaring demand. “The more we load our grid with intermittent generation, the worse the grid performs during times of maximum demand,” he posted on the social media platform. Sean McGarvey, president of the North America’s Building Trades Unions, which represents over 3 million construction workers, blasted the bill’s impact on jobs. “If enacted, this stands to be the biggest job-killing bill in the history of this country. Simply put, it is the equivalent of terminating more than 1,000 Keystone XL pipeline projects,” he said in a statement, referring to an oil pipeline project blocked by Biden’s administration.Republican leaders are rushing to overcome internal fights over the massive tax and spending package. Senate Republicans were still at odds Monday over how much to cut from Medicaid and other social safety-net programmes. Trump remained in contact with lawmakers Monday, as he was over the weekend, said an official who added the White House is optimistic the president would get the legislation to sign by Friday.





Source link

Share This Article
Twitter Email Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Rape of B’desh Hindu woman sparks anger, BNP ‘supporter’ held – Times of India – Delhi News Daily
Next Article Southern Europe roasts as temperatures soar – Times of India – Delhi News Daily
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Rudy Giuliani injured in New Hampshire car crash: Hospitalized with fractured vertebrae; spokesman says Ex-NYC mayor in ‘good spirits’ – The Times of India – Delhi News Daily
  • Huthis raid UN premises in Yemen: At least 11 aid workers detained; crackdown follows Israeli strike – The Times of India – Delhi News Daily
  • Market Trading Guide: 2 stocks to buy on Monday with up to 13% upside potential – Trend Tracker – Delhi News Daily
  • ‘Disgraceful…: War of Words Between BJP, TMC Over Mahua Moitra’s Hate Remarks Against Amit Shah – Delhi News Daily
  • दिल्ली पुलिस को मिली बड़ी सफलता, हाशिम बाबा गैंग का शूटर गिरफ्तार, ऑटोमैटिक पिस्टल और जिंदा कारतूस बरामद – Delhi News Daily

Recent Comments

No comments to show.

You Might Also Like

World News

‘As Gwyneth Paltrow said…’: Astronomer CEO reveals a major update to move on from Kiss cam scandal – Times of India – Delhi News Daily

Astronomer's Gwyneth Paltrow ad was done by actor Ryan Reynolds' production house Maximum Effort. Astronomer CEO Pete DeJjoy in his…

5 Min Read
World News

‘Will cut hair with razor’: Indian-origin Hindu man Bhushan Athale jailed in US for violent threats against Sikhs – Times of India – Delhi News Daily

Indian-origin Hindu man Bhushan Athale jailed in US for his violent threats on Sikhs. 49-year-old Bhushan Athale, an Indian-origin man…

4 Min Read
World News

‘False’: US Rep. Cory Mills accused of revenge porn threat; accuses Lake County Commissioner Sabatini of orchestrating smear campaign – Times of India – Delhi News Daily

A central Florida Republican, Rep. Cory Mills, has been accused of releasing intimate videos and private images after his breakup…

5 Min Read
World News

Elon Musk allegedly fathered baby with Japanese pop star: Report – Times of India – Delhi News Daily

Billionaire tech mogul Elon Musk is at the center of another personal and professional storm after a New York Times…

5 Min Read

Delhi News Daily

© Delhi News Daily Network.

Incognito Web Technologies

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?