In a last-minute frenzy, President Trump’s signature legislation took a dramatic turn — and left the clean energy industry reeling.
The 900+ page bill, which cleared a key Senate hurdle this weekend, was quietly amended to slash solar and EV credits, impose new taxes on wind projects, and offer sweeping new benefits to fossil fuels — including declaring coal a “critical mineral.”
Elon Musk called the bill: “Utterly insane and destructive... handouts to the past while killing industries of the future.”
Clean energy groups say the move could strand over $300 billion in current investments and potentially raise utility bills in the years ahead, especially as AI data centers drive demand.
Meanwhile, fossil fuel advocates are celebrating. New credits for coal, oil, and gas development — plus rollbacks of environmental restrictions — were quietly slipped in.
The bill’s financial toll? A staggering $3.3 trillion in new debt, per the CBO, with projections as high as $4.5 trillion over the next decade. Over 11 million Americans are expected to lose health coverage as part of the package.
Trump’s Message: “Forget the deficit. You still have to get reelected.”
Stay tuned. A final vote could come as soon as tonight.
🔥 SHARE if you think Americans should know what’s inside this bill →
The 900+ page bill, which cleared a key Senate hurdle this weekend, was quietly amended to slash solar and EV credits, impose new taxes on wind projects, and offer sweeping new benefits to fossil fuels — including declaring coal a “critical mineral.”
Elon Musk called the bill: “Utterly insane and destructive... handouts to the past while killing industries of the future.”
Clean energy groups say the move could strand over $300 billion in current investments and potentially raise utility bills in the years ahead, especially as AI data centers drive demand.
Meanwhile, fossil fuel advocates are celebrating. New credits for coal, oil, and gas development — plus rollbacks of environmental restrictions — were quietly slipped in.
The bill’s financial toll? A staggering $3.3 trillion in new debt, per the CBO, with projections as high as $4.5 trillion over the next decade. Over 11 million Americans are expected to lose health coverage as part of the package.
Trump’s Message: “Forget the deficit. You still have to get reelected.”
Stay tuned. A final vote could come as soon as tonight.
🔥 SHARE if you think Americans should know what’s inside this bill →
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