A solar energy facility outside Las Vegas last month. Under the Senate policy bill passed on Tuesday, companies building wind and solar projects can claim a lucrative tax credit as long as they begin construction within a year of the law’s enactment.
Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.
Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.
Republican leaders barely scaled a key procedural hurdle to bring up the bill, but Democrats delayed its consideration and it was unclear whether the G.O.P. had the votes to pass it.
Republican leaders barely scaled a key procedural hurdle to bring up the bill, but Democrats delayed its consideration and it was unclear whether the G.O.P. had the votes to pass it.
G.O.P. leaders in the Senate are trying to quickly pass the legislation and send it to the House for final approval in time to meet the July 4 deadline that President Trump has set.
For 50 years, automakers have had to increase the fuel efficiency of their vehicles or pay fines. The Republican megabill would set those penalties to $0.
For 50 years, automakers have had to increase the fuel efficiency of their vehicles or pay fines. The Republican megabill would set those penalties to $0.
Carmakers that have a history of producing efficient vehicles, like Toyota and Honda, would face competitive pressure from rivals that no longer want to spend on fuel-saving technologies.
The proposal would salvage some clean-energy tax credits and phase out others more slowly, making up some of the cost by imposing deeper cuts to Medicaid than the House-passed bill would.
The proposal would salvage some clean-energy tax credits and phase out others more slowly, making up some of the cost by imposing deeper cuts to Medicaid than the House-passed bill would.
The 549-page measure, released by the Senate Finance Committee, outlines changes to Medicaid that would be far more aggressive than the version passed in the House, making millions more Americans subject to a work requirement.
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