The sweeping bill passed by House Republicans would effectively repeal key tax credits that have supported the rapid growth of solar power in the U.S. The solar industry warns the bill would result in job losses,

Among the proposals in the Trump administration's and House Republicans' Big, Beautiful Bill is the elimination of the federal clean vehicle tax incentive.

House Republicans early Thursday took a major step forward on President Donald Trump’s agenda, approving a legislative package that combines tax breaks, spending cuts, border security funding and other priorities.

The “One, Big, Beautiful Bill” will remove almost all Inflation Reduction Act (IRA) tax credits for renewable energy projects, with looser restrictions for advanced nuclear projects. The bill will now pass through the US Senate, where its specifics may be subject to change.

Read here to know how proposed tax changes impact NextEra Energy (NEE), its growth in renewables, and dividend outlook amidst policy headwinds.

The One Big Beautiful Bill Act passed the House of Representatives by a 214-213 vote early Thursday morning. It now goes on to the Senate. Among a slew of other provisions, the bill moves the expiration date of EV tax credits from December 31, 2032, to December 31, 2025.

The One, Big, Beautiful Bill would significantly limit tax credits for clean energy and manufacturing introduced or expanded under the

President Trump’s top legislative priority was a victory for him and for Speaker Mike Johnson, who kept the president’s trust throughout tricky negotiations.