Trump’s “Junk” Jibe Fuels Green Energy Tax Credit Cuts In “Big, Beautiful Bill”
June 29, 2025
Accelerated Deadlines and New Taxes Threaten Industry Growth, Drawing Fire from Democrats and Business Leaders Alike.
The U.S. Senate has significantly curtailed tax credits for solar and wind energy projects in the latest iteration of President Donald Trump’s “big, beautiful” bill, drawing sharp criticism from Democrats and some Republicans.
The revised proposal, which echoes a strategy favored by House Republicans, mandates that solar and wind projects must be producing electricity by the end of 2027 to qualify for existing production and investment tax credits, accelerating their termination.
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This move follows a public rebuke from President Trump, who recently labeled wind energy as “junk” and “10 times more costly than any other energy” on Truth Social.
In an additional blow to the renewable energy sector, the Senate’s bill introduces a new tax on wind and solar components sourced from “foreign entities of concern,” specifically targeting materials from countries like China. Senate Democrats have decried this as “economic self-sabotage” and an “outright massacre” for the industry.
Conservative lawmakers, including Republican Utah Senator Mike Lee, have been vocal in their push for aggressive crackdowns on green energy subsidies, with some advocating for their complete repeal. However, the proposed changes have met with dissent from moderate Republicans.
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North Carolina Senator Thom Tillis expressed disappointment, warning of negative economic consequences for his state if the tax breaks are not maintained.
The proposed cuts have also drawn a strong reaction from business magnate Elon Musk, who accused Senate Republicans of jeopardizing “millions of jobs” and causing “immense strategic harm” to the nation.
Conversely, proponents of terminating the subsidies argue that the industry’s complaints highlight its reliance on government funding for profitability.
Tom Pyle, president of the American Energy Alliance, stated that if repealing subsidies would “kill” the industry, “then maybe it shouldn’t exist in the first place.” The conservative House Freedom Caucus has also urged the Senate to adopt House-passed language for a swifter termination of green energy tax credits.
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