TL/DR –
President Donald Trump has publicly expressed his discontent with green tax credits contained in a bill he has been promoting. In a post on Truth Social, Trump labeled the credits as a “giant SCAM” and criticized renewable energy forms like windmills for being expensive, inefficient, and reliant on government subsidies. The green tax credits under debate were introduced as part of the Inflation Reduction Act in August 2022, which allocated $369 billion for investments in domestic clean energy and reducing greenhouse gas emissions.
Trump Unhappy with Green Tax Credits in “Big, Beautiful Bill”
Donald Trump has expressed strong dissatisfaction with the green tax credits in the so-called “big, beautiful bill” he has been advocating for. In a weekend post on Truth Social, the former President labeled the credits a “giant SCAM,” suggesting funds would be better spent elsewhere, including on reductions.
Trump slammed windmills and similar technologies, calling them the “most expensive and inefficient energy in the world,” further criticising their environmental impact and reliance on hefty government subsidies. He also noted they are predominantly made in China, urging a break from this dependency.
The GOP continues to debate the merits of the bill, including the best approach to roll back President Biden’s green energy tax credits. The credits, part of the Inflation Reduction Act introduced in August 2022, allocate $369 billion for clean energy manufacturing and reducing greenhouse emissions domestically.
While the House-passed bill faced opposition from moderate Republicans warning of potential energy crises and higher energy bills for working families, the Senate remains in deliberation. With a July 4 deadline to pass the bill, the Senate Republicans may face challenges given the ongoing debates over these green tax credits.
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