House Bill Threatens Clean Energy Progress with Sweeping Tax Credit Cuts
A new House Republican bill could undermine clean energy advances by repealing tax credits vital for renewable projects. It would severely impact investments in solar and wind energy by removing subsidies passed during the Biden administration. The proposal now awaits Senate discussion amid substantial opposition from environmental advocates.
Devdiscourse News Desk | Washington DC | Updated: 23-05-2025 01:19 IST | Created: 23-05-2025 01:19 IST

- Country:
- United States
In a dramatic legislative move, House Republicans have passed a multitrillion-dollar tax package that threatens to dismantle established clean energy incentives.
Critics argue the bill, which includes repealing tax credits from Biden's Inflation Reduction Act, jeopardizes significant investments and job creation in renewable energy sectors like solar and wind.
As the bill moves to the Senate, the debate intensifies over its potential economic impact and the broader implications for U.S. energy leadership and climate mitigation efforts.
(With inputs from agencies.)
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