Latest news with #taxIncentives
The Verge
10 hours ago
- Automotive
- The Verge
Senate Republicans' version of President Trump's 'big, beautiful bill' —
EV and renewable energy jobs are on the line. similar to the bill the House passed last month — would slash tax incentives for electric vehicles, wind, and solar power. Industry leaders warn that it could be a killer blow to new energy projects and factories in the US. 'This bill will end any hope of onshoring domestic manufacturing,' Mike Carr, executive director of the Solar Energy Manufacturers for America Coalition, said in a press statement today.
Bloomberg
23-05-2025
- Politics
- Bloomberg
Crippling Clean-Energy Tax Credits Won't Fly, GOP Senators Say
The House's draconian cuts to former President Joe Biden's landmark climate law won't fly in the Senate, key Republican senators said Thursday. Just hours after the House narrowly passed a massive tax and spending bill gutting key clean-energy tax incentives, Senate Majority Leader John Thune said the Senate was planning its own effort.
