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GOP bill adds surprise tax targeting wind and solar power the bill would rapidly phase out existing federal tax subsidies for wind and solar power by 2027 Doing so, many companies say, could derail hundreds of projects under development and could jeopardize billions of dollars in manufacturing facilities that had been planned around the country with the subsidies in mind
G. O. P. Bill Adds Surprise Tax That Could Cripple Wind and . . . The tax provision, tucked inside the 940-page bill that the Senate made public just after midnight on Friday, stunned observers “This is how you kill an industry,” said Bob Keefe, executive director of E2, a nonpartisan group of business leaders and investors “And at a time when electricity prices and demand are soaring ”
Senate Bill Hastens End of Wind, Solar Tax Credits and . . . Senate Bill Hastens End of Wind, Solar Tax Credits and Imposes New Tax WASHINGTON (Reuters) -The latest version of the Senate's massive budget bill that the Senate is racing through for a vote as
G. O. P. Bill Adds Surprise Tax That Could Cripple Wind and . . . The new tax “is so carelessly written and haphazardly drafted that the concern is it will create uncertainty and freeze the markets,” Mr Grumet said Even some of those who lobbied to end federal support for clean energy said the Senate bill went too far [ read more … Grid