Source: The Hill
by Susan Atkinson
“Congress voted to pass a massive budget package that, among other things, drastically cuts clean energy tax credits to reduce federal spending. Claiming victory, President Trump signed the One Big Beautiful Bill Act into law on July 4. Indeed, taxpayer dollars subsidizing any special industry can play havoc with the intelligence and efficiency of the free market system. That said, the obvious question is this: Why only the renewable subsidies? Why were fossil fuel subsidies not also eliminated? … A case can be made that all energy subsidies — whether for fossil fuels, nuclear, or renewables—should be eliminated in the U.S. to create a truly competitive, transparent, and market-driven energy sector. Subsidies distort pricing, shield inefficient technologies from natural market pressures, and lead to inefficient allocation of public funds.” (07/28/25)