• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Senate Republicans Pull Punches On Biden’s Green Energy Freebies

Senate Republicans Pull Punches On Biden’s Green Energy Freebies

June 17, 2025
MICHELE STEEB: A New Chapter For America’s Homeless: Structure, Recovery, And Hope

MICHELE STEEB: A New Chapter For America’s Homeless: Structure, Recovery, And Hope

July 26, 2025
JAMES CARTER: America’s Capex Comeback

JAMES CARTER: America’s Capex Comeback

July 26, 2025
NEWT GINGRICH: Trump Boom Or Democrat Gloom

NEWT GINGRICH: Trump Boom Or Democrat Gloom

July 26, 2025
JOSH HAMMER: Grading The Second Trump Presidency, Six Months In

JOSH HAMMER: Grading The Second Trump Presidency, Six Months In

July 26, 2025
Leftist Outrage Erupts At California Plan To Stop Paying Criminal Illegals’ Legal Bills

Leftist Outrage Erupts At California Plan To Stop Paying Criminal Illegals’ Legal Bills

July 26, 2025
Mexican Border State Asks Tourists to Travel Highways Only in Daylight Hours

Mexican Border State Asks Tourists to Travel Highways Only in Daylight Hours

July 26, 2025
LARRY ELDER: Dems Rail Against Colbert’s Cancellation — Here’s Why

LARRY ELDER: Dems Rail Against Colbert’s Cancellation — Here’s Why

July 26, 2025
Estado Fronterizo Mexicano Pide a Turistas Viajar Solo de Día

Estado Fronterizo Mexicano Pide a Turistas Viajar Solo de Día

July 26, 2025
Biden-Appointed Judge Tosses Lawsuit Against Sanctuary City Chicago

Biden-Appointed Judge Tosses Lawsuit Against Sanctuary City Chicago

July 26, 2025
NEWT GINGRICH: Beyond The August Recess

NEWT GINGRICH: Beyond The August Recess

July 26, 2025
CBS Trades One 60 Minutes Liberal Insider For Another

CBS Trades One 60 Minutes Liberal Insider For Another

July 25, 2025
JENNY BETH MARTIN: No Amnesty: America’s Immigration System Must Respect The Rule Of Law

JENNY BETH MARTIN: No Amnesty: America’s Immigration System Must Respect The Rule Of Law

July 25, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Saturday, July 26, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

Senate Republicans Pull Punches On Biden’s Green Energy Freebies

by Daily Caller News Foundation
June 17, 2025 at 4:26 pm
in News, Wire
247 5
0
Senate Republicans Pull Punches On Biden’s Green Energy Freebies
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

The Senate Committee on Finance unveiled its portion of the GOP reconciliation package on Monday night, leaving much to be desired when it comes to cutting Biden-era green energy tax credits, several energy sector experts told the Daily Caller News Foundation.

Compared to the House version, the bill text expands provisions for green energy tax credits granted under President Joe Biden’s Inflation Reduction Act (IRA), which not a single Republican voted for in 2022. The “one, big beautiful” bill text released by the Senate Finance Committee on Monday would secure credits for nuclear, hydropower and geothermal technologies and fail to immediately terminate solar and wind credits, a bad sign for those who hoped the Senate would devastate the Democrats’ climate agenda, energy policy experts told the DCNF.

“All so-called green energy initiatives in the Biden administration’s Inflation Reduction Act are profligate pork that are counterproductive to both the economy and the environment,” president of the Heartland Institute James Taylor wrote to the DCNF. “Any Republican who advocates for keeping any of those horrendous boondoggles will have brought it upon themselves if they [lose the] primaries and [get] voted out of office.”

Finance Committee Legislative Text Title Vii by audreystreb on Scribd

The final House version would require that wind and solar projects must begin construction within 60 days of the bill’s passage and be operational by the end of 2028 to be eligible for tax credits. The Senate Finance Committee’s bill eliminates the 60-day construction start requirement and introduces a gradual phase-out for wind and solar tax credits, reducing them to 60% of their original value beginning in 2026, 20% in 2027 and fully phasing them out by 2028, according to the bill text.

Democrats initially touted the IRA as a way to reduce inflation, though Biden later admitted it was a vehicle to promote his climate agenda. Carving out protections for IRA green energy credits runs counter to President Donald Trump’s energy goals and will lead to a weaker electrical grid, policy experts told the DCNF.

The reconciliation package can still be adjusted, but if the committee has its way, solar and wind subsidies would be gradually phased out instead of immediately eliminted. Some energy sector experts are concerned that this drawn-out timeline could lead to an indefinite continuation.

Instead of the House bill’s “placed in service” end for solar and wind subsidies, the Senate’s Finance proposal contains a “construction begins” deadline of 2025-2027 or 2029-2031 depending on the specific credit, according to the bill texts and energy sector experts.

“The Senate Finance text for the Big Beautiful Bill dramatically weakens the already disappointing House-passed bill with respect to Green New Scam wind and solar subsidies. Under the House bill, wind and solar facilities must be ‘placed in service’ by the end of 2028 to be eligible for subsidies,” Steve Milloy, senior fellow at the Energy & Environment Legal Institute and former Trump EPA transition team member told the DCNF. “While that is bad enough, the Senate finance text replaces that with a mere ‘construction must begin’ by the end of 2031 provision.”

As Senate Republicans rush to meet Majority Leader John Thune’s July 4 goal, numerous GOP senators have aired their grievances with provisions pertaining to IRA green energy subsidies, while several other senators have expressed their desire to salvage or adjust some tax credits that House Republicans looked to limit in May. Given that Republicans currently hold 53 Senate seats, the defection of just four lawmakers in the chamber would be enough to block the reconciliation package.

“The Senate’s weakening of the One Big Beautiful Bill is a betrayal of President Trump’s American energy dominance agenda. By replacing firm deadlines with loophole-ridden timelines, the Senate is extending massive subsidies for wind and solar,” Jason Isaac, CEO of the American Energy Institute, told the DCNF. “This is not reform; it’s a continuation of corporate welfare that burdens working families with rising electricity costs.”

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: DCNFenergyU.S. News
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th