Donald Trump, Beautiful Bill and tax
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Solar has been the fastest growing source of electricity in the U.S. Proposed federal cuts to tax credits could halt that progress.
Their comments were an unusually public display of ambiguity towards a piece of legislation that the GOP caucus voted to advance.
A cross-section of energy companies active in the clean energy space are calling on Senator John Cornyn to prevent the loss of key tax incentives.
President Donald Trump’s “big, beautiful bill” includes more than tax breaks and spending cuts — it also seeks to pour billions of dollars into his mass deportation agenda.
Neither party is eager to talk about the impact of the “One Big Beautiful Bill Act” in this way — Democrats prefer to focus on the effect the bill will have on Americans, while Republicans have downplayed the ways in which the legislation will upend the status quo.
At least two Republicans said they were unaware of provisions in the bill they oppose, while Freedom Caucus demanded steeper cuts.
Treasury Secretary Scott Bessent is on Capitol Hill testifying before the House Ways & Means Committee hearing.
Sir, I think it could set off a financial crisis, the likes of which we have not seen since ’08, ’09,” he said during a House Ways and Means Committee hearing Wednesday.