by Audrey Streb
The Lion
House Democrats are advancing legislation to resurrect Biden-era tax credits while another taxpayer-funded green energy company files for bankruptcy.
The One Big Beautiful Bill (OBBBA) cancelled or phased out billions in green energy tax credits, which the Trump administration celebrated as defunding the “green new scam.”
The Trump administration also clawed back billions in grants and loans to green energy initiatives. Since those cancellations, multiple awardees have signaled they are considering bankruptcy or have already filed.
Meanwhile, industries propped up by the government subsidies have struggled, with billions in investment vanishing since President Donald Trump returned to the Oval Office for his second term.
Last month, more than half of House Democrats moved to reinstate the Biden-era credits, pitching them as an affordability play. The proposed legislation, titled the Energy Bills Relief Act, would also give back “low-cost clean energy” grants terminated since Jan. 19, 2025…
Steve Milloy, a senior fellow at the Energy & Environment Legal Institute, credited Trump and Congress with bursting “the EV bubble.”
“Now, EV makers will have to succeed with consumers on their own merits and without the political favoritism of mandates and subsidies,” he told The Lion.
