What Happens to Renewable Energies in the Tax Bills? What's Next in the Tax Reform Process...
Tax credits for solar, wind and EVs fare differently in the House and Senate bills. The industry says some changes would be devastating, but the fight isn’t over.
By Georgina Gustin, Inside Climate News.
The Senate voted early Saturday to approve a major overhaul of the U.S. tax code that critics say would decimate clean energy investments while continuing to hand out tax breaks to the oil and gas industries.
The sweeping tax system overhaul bill—which represents the biggest corporate tax cut in the country's history and would reach into many areas of American lives—also contains language that would open the door for oil and gas companies to drill in the Arctic National Wildlife Refuge.