Senate Republicans stunned the power industry over the weekend with a proposed new tax on wind and solar projects, part of a broader push to unravel incentives for renewable energy.
Energy tax credits that were expanded during the Biden administration are wrapped up in a fierce congressional fight over President Trump’s signature tax and spending bill.
Most of the credits are now on the chopping block while lawmakers fight over ways to extend tax cuts and fund border and military spending, among other things. With each version of the bill to come out of Congress, the outlook for the renewables industry looks bleak in new ways, industry players say.
Read more in the Wall Street Journal here.
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