GOLDEN CRESCENT AND 1000 ISLAND NEWS

  Senate Republicans are in the final stages of passing their budget reconciliation megabill — which suddenly includes a new tax on solar and wind projects that has sent many in the industry into   full-blown crisis mode. The proposed tax was tucked inside the latest  text of the Senate reconciliation bill , released late Friday night, and would levy a first-of-its-kind penalty on all solar and wind projects tied to the quantity of materials they source from companies with ties to China or other countries designated as adversaries by the U.S. government. Industry representatives are still processing the legislative language, but some fear it would kick in for certain developers as soon as the date of its enactment. Taken together with other factors both in the bill and not, including permitting timelines and Trump’s tariffs, this tax  could indefinitely undermine renewables development in America. On Saturday, as legislators began to digest the new text, Senator Bria...

  Last November, I published  10 can’t miss predictions about the presidential election . One of my predictions was that if Donald Trump won another term in the White House, he wouldn’t repeal the alt-energy subsidies in the Inflation Reduction Act. I wrote: The idea that the US will spend trillions on alt-energy projects while the deficit is soaring ($ 35.8 trillion and counting ) is the definition of fiscal insanity. But Big Business is feasting on the subsidies, and the most powerful trade associations in Washington have pledged to fight to continue the handouts. Thus, there’s little reason to expect Trump will be able to eliminate the IRA subsidies even if he wants to.   The other nine predictions are still looking pretty good. But right now, it looks like I was wrong about the IRA subsidies. (Yes, it happens.) The latest version of the One Big Beautiful Bill Act, which was released by the Senate yesterday, takes a flamethrower to the massive alt-energy subsidies that...

  WASHINGTON, June 28 (Reuters) - The latest version of the Senate's massive budget bill that the Senate is racing through for a vote as soon as Saturday deals a fatal blow to the use of tax credits in place since 2005 to spur more wind and solar energy and would set a new tax on those projects for the first time, renewable energy proponents said on Saturday.   Despite hopes earlier in the week  that the Senate would rework the budget megabill's language about the future use of Inflation Reduction Act tax credits to extend their use and make them more usable, the new version of the bill introduced by Senate leadership overnight  will effectively repeal the incentives for solar and wind immediately.   Instead, it imposes a new tax on wind and solar projects completed after Dec. 31, 2027 if they cannot prove they have not used any Chinese components, while offering a new tax break for coal production.   It also accelerates the phase-out of clean energy manufa...

  Senate Republicans stepped up their attacks on U.S. solar and wind energy projects by quietly adding a provision to their megabill that would penalize future developments with a new tax. That new tax measure was tucked into the more than 900-page document  released late Friday  that also would sharply cut the tax credits in the Inflation Reduction Act for solar and wind projects. Those cuts to the IRA credits were added  after a late-stage push by President Donald Trump  to crack down further on the incentives by requiring generation projects be placed in service by the end of 2027 to qualify. The new excise tax is another blow to the fastest-growing sources of power production in the United States, and would be a massive setback to the wind and solar energy industries since it would apply even to projects not receiving any credits. “It’s a kill shot. This new excise tax on wind and solar is designed to fully kill the industry,” said Adrian Deveny, founder and...

  06/27/2025 10:37 PM EDT President Donald Trump is urging Senate Majority Leader John Thune to crack down on tax credits for wind and solar energy as part of the GOP megabill, siding with House conservatives who want to phase out those credits more quickly, according to three people familiar with the negotiations. The late-stage effort has involved direct conversations between Trump and Thune over the past two days. The intervention from Trump centers around a technical provision that could determine whether hundreds of planned projects are able to qualify for the wind and solar incentives, according to the people granted anonymity because they were not authorized to speak publicly about the conversations. The president’s involvement has emerged as a complicating factor as Republicans aim to start voting on the megabill as soon as Saturday. Sen. Kevin Cramer (R-N.D.), a close Trump ally, confirmed that Trump is directly involved in the push to further temper th...

  The revised text illustrates the influence of deficit hawks, climate skeptics and conservatives who have aggressively sought deeper cuts to IRA tax credits for renewables.   Meanwhile, the law's supporters succeeded in preserving some incentives for GOP-favored energy sources like nuclear, geothermal and hydropower in addition to hydrogen.   State of play: The Senate plans to convene at 2 p.m. today and leadership has advised votes are possible.   What's inside: The bill would cut off the production and investment tax credits  for wind and solar projects that aren't connected to the power grid  by 2028.  [actually the text of the Senate draft says 2027.]   An earlier Senate draft preserved those credits for projects that start construction by that year.  [This constitutes a huge difference – a much higher bar to overcome. Very good.]   In a nod to President Trump's fervent opposition to wind and solar power, the bill would im...

  The Senate released new megabill text overnight with stricter treatment for renewable energy incentives from the Democrats’ climate law — a major blow to companies and some lawmakers lobbying for more leniency. The updated legislation also includes Senate Energy and Natural Resources Chair Mike Lee’s latest plan to sell certain federal public land for housing. The  new Senate Finance Committee text   looks a lot more like the House-passed bill when it comes to an array of contested tax credits. It would drastically phase out wind and solar credits while maintaining incentives for Republican-friendly energy sources like nuclear and geothermal. Specifically,  the bill would cut off incentives for projects that aren’t “placed in service” — or plugged into the grid — by the end of 2028.  That’s more aggressive than the previous Senate draft that preserved those credits for projects that merely “start construction” by the end of the year. On the other hand, the leg...

  CAWTILE, Citizens Against Wind Turbines In Lake Erie is proud to announce its 3rd Annual SUNSET BAY BEACH RALLY to celebrate the accomplishments of CAWTILE obtaining resolutions from over 90% of the towns in both Erie and Chautauqua counties! ALSO, RESOLUTIONS were passed in both the Erie and Chautauqua County Legislatures ! This is huge and represents over a million people of WNY ! We INVITE the media to cover this event July 9, 2025, as you have covered our events in the past ! THE FIGHT TO KEEP WIND TURBINES OUT OF LAKE ERIE CONTINUES UNTILL THERE IS A PERMANENT LAW PROTECTING OUR LAKE INFORMING THE PUBLIC OF THE ENVIRONMENTAL DANGERS IS KEY TO PROTECTING OUR DRINKING WATER! 11 million people get their drinking water from Lake Erie WHO: CAWTILE, CITIZENS AGAINST WIND TURBINES IN LAKE ERIE. THIS IS A PUBLIC EVENT !!! WHEN: JULY 9, 2025. 4-7pm WHERE: SUNSET BAY BEACH CLUB, 1028 S.Shore Dr., Irving, NY 14081 Legislative speakers at 4pm , followed by a live Band, SWIFT KICK for yo...

  House conservatives are escalating their pressure against the Senate easing the rollback of Inflation Reduction Act tax credits in the GOP’s megabill.  A group of Senate Republicans wants to phase out the incentives in a way that doesn’t jeopardize projects and jobs, and they’re taking advantage of delays resolving other issues to make their case. But   House Majority Leader Steve Scalise (R-La.) said Thursday that the Senate’s language on the IRA tax credits “needs to get reversed.” Legislation  released by the Senate Finance Committee  would soften the House’s harsh phase-down of solar and wind energy credits by removing requirements forcing projects to start construction within 60 days and be plugged into the grid by 2028. But moderates want to give companies even more room to maneuver. “People should know that the policy is set to have these expire, and I support that. It’s more a matter of doing it in a responsible [and] sustainable way,” Sen. Thom Tillis...