New Republican Budget Bill Threatens to End Clean Energy Boom in the US
A recent proposal by the Republican Party aims to eliminate tax incentives for clean energy, potentially stifling the growth of the industry.
Reported 4 hours ago
The Republican Party's signature tax plan has sent shockwaves through the clean energy sector, with many experts warning that it could lead to a significant decline in investment and job losses.
The plan, which is currently being debated in the House of Representatives, would eliminate most of the tax incentives introduced by the Biden administration's Inflation Reduction Act of 2022.
According to a recent report by the Rhodium Group LLC, Republican districts have the most to lose from the proposed changes, with many of them relying heavily on the clean energy industry for economic growth.