Trump-Backed Bill Targets Green Energy, Expands Fossil Fuel Investment

The Senate is advancing a sweeping GOP tax and spending bill backed by Trump that would dismantle the 2022 climate law, phase out clean energy tax credits, and impose new taxes on wind and solar projects. According to the Associated Press, the proposal goes beyond previous Senate drafts, ending renewable energy incentives faster and adding supply chain restrictions. It boosts production of fossil fuels and introduces a tax credit for metallurgical coal. Critics warn the bill would raise electricity bills, halt hundreds of clean energy projects, and jeopardize jobs and rural investment. Supporters argue that the tax-cut bill delivers historic savings by ending green energy spending and increasing investments in fossil fuels and nuclear power, thereby improving energy reliability and affordability.