House Passes Trump Energy Bill Risking Clean Power, Jobs, Grid Stability
House Passes Trump Energy Bill Risking Clean Power, Jobs, Grid Stability

House Passes Trump Energy Bill Risking Clean Power, Jobs, Grid Stability

News summary

The House has passed President Donald Trump's "One Big Beautiful Bill Act," which significantly scales back federal clean energy incentives from the 2022 Inflation Reduction Act, favoring fossil fuels while limiting support for wind, solar, and battery storage projects. Despite efforts by House Minority Speaker Hakeem Jefferies to stall the bill, it passed narrowly and is set to be signed by Trump on Independence Day. The legislation phases out tax credits for wind and solar by mid-2026, tightens sourcing rules, and ends several residential clean energy credits, raising concerns about increased electricity prices, job losses in the clean energy sector, and weakened U.S. competitiveness in the global clean energy market. Critics, including energy experts and industry leaders, warn that the bill undermines America's clean energy future, destabilizes the grid, and hampers the nation’s ability to compete with China in solar and battery manufacturing. Meanwhile, media coverage, particularly on Fox News, has downplayed the bill's negative impact on energy prices and jobs, focusing instead on advancing Trump's agenda and minimizing opposition from clean energy advocates and tech companies. The bill's passage marks a critical pivot in U.S. energy policy, prioritizing fossil fuels and raising significant questions about the country's readiness to meet future energy demands sustainably and competitively.

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4
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Last Updated
13 hours ago
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