Trump's energy policies

[stpioc]

Says it all..

Republicans’ long-awaited tax bill, unveiled on Thursday, targets key renewable energy tax credits that have helped make clean energy a crucial high-wage job-creating sector in the United States. The measure would slash the wind Production Tax Credit (PTC) by over a third, weaken the solar tax credit, and eliminate the $7,500 credit for the purchase of electric vehicles. The solar and wind credits were part of a major bipartisan deal reached in December 2015, in which the credits were extended for several years while being reduced or phased out over time.

“This proposal reneges on the tax reform deal that was already agreed to, and would impose a retroactive tax hike on an entire industry,” said American Wind Energy Association CEO Tom Kiernan in a statement. “The House proposal would pull the rug out from under 100,000 U.S. wind workers and 500 American factories, including some of the fastest growing jobs in the country.”

Republicans’ new tax bill targets clean energy industry – ThinkProgress