US Senate clean energy bill.

A sweeping tax-and-spending package nicknamed the “One Big Beautiful Bill” has ignited widespread backlash after the U.S. Senate introduced sweeping cuts to clean energy incentives and imposed new taxes on renewable projects. The legislation would eliminate key tax credits for wind, solar, electric vehicles, batteries, and residential solar—including slashing or ending benefits from the 2022 Inflation Reduction Act—while also implementing excise taxes on projects using Chinese components . Critics—from labor unions, states, and businesses—warn these changes risk higher electricity bills, widespread job losses, and threats to grid reliability amid skyrocketing energy demand . Tesla CEO Elon Musk vehemently denounced the proposal, calling it “utterly insane” and “political suicide,” warning it undermines emerging industries like AI that rely on clean, cost-effective power . Prominent voices including the U.S. Chamber of Commerce, Senator Ron Wyden, and local leaders in Georgia expressed that the rollback could destabilize both regional economies and national climate goals . Proponents argue the bill rebalances budget priorities, supports fossil fuels and nuclear energy, and helps reduce deficit concerns, though opponents see it as a regressive shift that undermines the clean energy transition .

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