the One Big Beautiful Bill Act will affect clean energy jobs
Digest more
The “big beautiful bill” that Donald Trump signed into law rolls back tax credits for things like electric cars and home EV chargers, rooftop solar panels, heat pumps and more.
Republicans in Congress have advanced a bill cutting clean energy tax credits, and the industry is bracing for the impacts.
Trump’s legislation will hurt clean energy, boost fossil fuels and end investment in environmental justice. Climate advocates vow to continue the fight.
With major shifts on the horizon for infrastructure priorities, federal incentives, permitting processes and materials costs, the initial reaction for those in the built environment sector could very easily be to hunker down and wait out the storm.
Range reports that Trump’s “Big Beautiful Bill” offers significant tax changes for high earners, including increased estate tax exemptions and expanded SALT deductions.
"On Long Island, the messaging battle will take place over SALT," said Levy, referring to the $10,000 cap on state and local tax deductions that was approved by the Republican congressional majority in 2017 and raised to $40,000 through 2029 under the current bill.
A CNN poll found that 61% of Americans oppose the GOP's massive tax and spending overhaul, with 58% citing its impact on the federal deficit as a reason to oppose it.
Feedback