These Energy Tax Credits Are on Chopping Block in GOP Megabill

A revised Senate Republican megabill to implement President Donald Trump’s agenda hastens terminations of tax credits for renewable energy development, while offering a new tax inducement for coal production. Senate Republicans are currently racing to pass the legislation—called the Big Beautiful Bill Act—ahead of a self-imposed July 4 deadline to get it before Trump’s desk. After the Senate, the bill would move back to the House for approval before heading to the president for his signature. The updated Senate bill that emerged on Saturday accelerates the initial iteration of the chamber’s budget drafted on June 16 by the Senate Finance Committee and more closely replicates the bill adopted by the House on May 21....