Congress’s Budget Bill Risks Jobs, Innovation, and Energy Security

(NewsUSA) - The passage into law of the One Big Beautiful Bill Act marks a substantial shift in U.S. energy policy — reversing policies that have powered energy growth to meet skyrocketing energy demand. While proponents cast it as a pro-growth, budget‑cutting measure, its impact on America’s burgeoning solar, wind, and storage industries is profoundly concerning.

The bill phases out clean energy tax credits rapidly. These credits helped in the deployment of 49 GW of energy capacity in 2024 alone — representing 93% of all new electricity generation. Cutting them short now disrupts manufacturing, risks hundreds of thousands of jobs and could lead to increased electricity rates across the country.