by Audrey Steb
The Daily Caller
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…
“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.”
