By the Arizona Free Enterprise Club |
Trump’s One Big Beautiful Bill (BBB) that passed the House of Representatives last month contained numerous wins for the American people: permanent tax relief, funding for border security, an expansion of Health Savings Accounts, and even a new program to expand school choice. But arguably the most impactful accomplishment in the BBB was their success in taking a machete to the labyrinth of green new scam tax subsidies created by Joe Biden and the Democrats through the inflation-creating Inflation Reduction Act (IRA). That alone makes it the most beautiful feature of the Big Beautiful Bill.
The House’s version included key provisions sunsetting some of the worst subsidies authorized under the IRA, including:
- Ending the Clean Electricity Production Tax Credit (PTC) and the Clean Electricity Investment Tax Credit (ITC) for any project that doesn’t start within 60 days of the enacting legislation and isn’t in service by 2028;
- Ending the Clean Electricity Investment Credit and Transferability of Tax Credits for Wind and Solar;
- Eliminating the Tax Credit for Residential Solar and Rebates for “Green” Products;
- Repealing the Electric Vehicle Credit designed to Force Manufacturers to Abandon Gas Powered Vehicles.
The rollback of these subsidies in the House BBB was a monumental feat, especially given the army of lobbyists hired by the green energy grifters to defend these subsidies on Capitol Hill. In fact, the big spenders in the GOP caucus almost succeeded in stopping the subsidy rollback. If not for the stalwart efforts of the House Freedom Caucus and the White House stepping in at the last minute of negotiations, the green scam subsidies would not be on the chopping block.
But now the bill is in the Senate, and the initial draft released of the revised Big Beautiful Bill by Senate Finance Chair Mike Crapo is anything but big or beautiful…
