Without subsidies, grants, and loans that never get repaid, most of the green stuff would collapse
‘Outright Massacre’: Senate GOP Takes Sledgehammer To Biden’s Green Energy Subsidies
The Senate dealt a series of blows to solar and wind energy in the latest version of President Donald Trump’s “big, beautiful” bill — taking a page out of House Republicans’ playbook to crack down on green energy tax credits enacted under former President Joe Biden.
The Senate’s new proposal would move up the deadline for solar and wind projects hoping to qualify for production and investment tax credits by requiring them to produce electricity by the end of 2027. The additional cuts to green energy tax credits follows the president’s public broadside against the upper chamber’s initial proposal, which delayed the termination of solar and wind subsidies.
“Windmills, and the rest of this ‘JUNK,’ are the most expensive and inefficient energy in the world, is destroying the beauty of the environment, and is 10 times more costly than any other energy,” Trump wrote in a post to Truth Social on June 21. “It is time to break away, finally, from this craziness!!!”
Personally, I’m fine with tax breaks for “green” energy projects, just like with oil, gas, nuclear, and coal (again, not a fan of coal). Government has basically been propping up the green energy sector with your money, while the companies charge high prices for the generated energy. Provided the projects even make it that far
The upper chamber’s revised bill would also create a new tax on wind and solar projects whose components are sourced from foreign entities of concern, such as China.
Senate Democrats referred to the creation of a new excise tax penalizing the renewable industry’s reliance on Chinese materials as “economic self-sabotage” and an “outright massacre” for the solar and wind industry.
Perhaps those Senate Dems should have their financials investigated to see how much they’re getting from China and how many investments they have linked to Chinese “green” projects. It is interesting that they are admitting that the solar and wind industry cannot survive without all the government money.
Republican Utah Sen. Mike Lee was one of several GOP senators pushing the upper chamber to aggressively crack down on solar and wind tax credits in the president’s landmark bill. The Utah Republican favors a wholesale repeal of green energy subsidies, though Congress is likely to stop short of that given opposition from moderate Republicans.
Yeah, well, I doubt the big bill is going to pass. Democrats will filibuster it. There are not enough votes to move it with the 60 vote threshold, not unless Republicans want to nuke it. Oh, and there are multiple Republicans currently against it.
“If, as supporters of the IRA [Inflation Reduction Act] are complaining, repealing these subsidies will ‘kill’ their industry, then maybe it shouldn’t exist in the first place,” American Energy Alliance president Tom Pyle said in a statement Saturday. “Extending green giveaways on the backs of American taxpayers is shortsighted and neglectful.”
Exactly. Maybe they should push this in a separate bill.
It was never about producing green stuff, only about the money to rich people with connections to members of the Democratic party. The party of corruption and theft.
More stupid bullshit without evidence from the dumbest, most projecting “perfesser” I ever heard tell of!! And I used to watch “Professor” Irwin Corey!.
And yet the Senate One Big Beautiful Bill is projected to add $4.45 TRILLION to the debt, even while kicking over 11 million poor people off Medicaid and closing a hundred rural hospitals.
One of our Senators, JD Hawley (R-MO), roundly criticized the Medicaid cuts and refused to vote for the bill!! Until it was time to vote, when he voted YES, because trump ordered it!! BTW, JD is not up for re-election until 2030, and he hopes to be prez by then.
Massive tax cuts for the wealthy and corporations, $4.45 TRILLION added to the debt, millions losing healthcare, billions more to DHS/ICE, private prison corporations and defense. Now that’s WINNING!
Can MAGAts not recognize that fiscal conservatism is a ruse, a scam, a hoax? Of course you do. But you don’t care. Why? Because fiscal conservatism is NOT intended to make the nation’s finances secure, but rather to punish the people that MAGAts hate: the poor, the non-white, the non-christian, the non-straight, the non-conservative, the migrants, the urban, the unmarried women and their kids. And if it hurts you and yours a bit, it is worth it – just so long as those negroes, dykes, fags, muzzies, trannies, immoral libs, atheists and illegals get hurt worse!!
WAAAAHHH!!!
Rimjob suffering from his own toxic empathy syndrome amongst other racist and bigoted emotions.
Pray for the boy!
The Lil sissy Pissant learned a new term!! Toxic empathy. Did Jesus suffer from that, too?
Hatred, cruelty and violence is the currency of the MAGAt klan. To them, any and all empathy is toxic.
The leader of your klan has no empathy.
Now Rimjob is comparing his affliction to Jesus.
Pray for the boy!
Why did the U.S. economy shrink in May? Anyone?
The U.S. economy did not shrink in May, moron.
Lying doesn’t help your cause, moron.
70% of our GDP is consumer spending. It’s down. We’re in a recession.
Denying the truth doesn’t change the truth.
The U.S. is not in a recession, moron.
drowningpuppiesas usual you are absolutely correct about the list of those Elwood hates and hates with a passion. It amuses me how much this man hates so many people and has over this amount of time and feels to recognize this huge failing of his. It also amuses me but he keeps repeating the same failures that caused both the moron biden and presidential loser BJ Harris and doesn’t realize that he’s stuck in a huge rut.(Stuck in a rut with a moron and a slut)
L’Roy,
You shouldn’t believe anything The Pissant tells you. I hate willful ignorance and wanton cruelty, which The Pissant has in spades, as does his Lord of Mar-a-Lardo.
But to be honest, since the 2nd Kult formed, I’m broadening my opinion to include the MAGAts, since they’re all willfully ignorant and wantonly cruel. Horrible, horrible people. Fascists, if not Nazis. Don’t be like them.
More toxic empathy Rimjob style.