Green Energy at Gucci Gulch
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The press and its sources in academia and advocacy groups are panicking over what One Big Beautiful Bill will mean for alternative energy.
“Trump's ‘Big Beautiful Bill’ is an attack on American energy production,” Noah Smith writes. Smith links to a social media thread by an assistant professor at Princeton, Jesse Jenkins, who warns, “Stunningly, the new Senate budget bill contains a NEW tax on wind & solar power projects…this bill could RAISE TAXES on the most important new sources of electricity supply in the USA by at least roughly 40-70%!! That is utter insanity!”
“Senate Megabill Stuns the Clean Energy Industry With New Tax on Wind and Solar,” is the Wall Street Journal headline.
“Senate’s tax bill seeks to gut clean energy,” is the Washington Post headline. The Post reports, “It’s not just the solar industry that is in jeopardy. Battery manufacturers, wind turbine assemblers and makers of electric-car parts will be hurt, along with producers of computer chips, minerals, industrial glass and other components that underpin modern energy technologies.”
“Surprise Tax in G.O.P. Bill Could Cripple Wind and Solar Power,” is the New York Times headline about “a move that industry groups say could devastate the renewable power industry.”
The panic is excessive, and the headlines omit some essential facts.
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