Congress votes to send 2 million US jobs to China, increase deficit, energy costs

"The Republican tax bill eliminates numerous energy efficiency tax credits that assisted working families and American manufacturing, redirecting funds to wealthy elites and increasing the deficit by $3.3 trillion."

"The bill maintains significant language from its draft stage, continuing to dismantle energy efficiency incentives and green manufacturing support initially introduced under the Inflation Reduction Act."

"Energy efficiency credits, a core part of the Inflation Reduction Act, provided substantial savings for families and stimulated significant investment in American manufacturing, generating hundreds of thousands of jobs."

"The repeal of the energy efficiency credits and manufacturing incentives by the Republican tax plan is set to dismantle the advancements made in American job creation and investment promoted by the IRA."

The recently passed Republican tax bill abolishes various tax credits that promoted energy efficiency and green manufacturing, redirecting funds toward the wealthy and contributing to a projected $3.3 trillion deficit increase. Many of these credits were established under the Inflation Reduction Act, which funded energy efficiency initiatives significantly benefiting American families and driving job creation in manufacturing. The new tax plan not only repeals these incentives but also aims to undermine fuel economy standards, further exacerbating fuel costs for consumers, ultimately hindering progress made in boosting American manufacturing.

Read at Electrek