Developing.
Donald Trump and Senate Republican leaders worked Saturday to persuade reluctant holdouts to back the president’s multi-trillion dollar tax and spending bill ahead of a pivotal vote.
The weekend arm-twisting, which included Trump golfing with frequent foe Rand Paul and other senators, came as the party worked to rush the bill to the president’s desk ahead of a self-imposed July 4 deadline.
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Senate Republicans moved up a cut-off for tax credits used for wind and solar projects even earlier then they initially proposed, amid pushback on the credits from Trump. The new measure requires those projects to be “placed in service” by the end of 2027 to receive the incentives, as opposed to simply being under construction by that time.
The change, if it makes into law, could be a blow to companies such as NextEra Energy Inc., the biggest US developer of wind and solar projects. But the energy tweaks may help get holdout GOP Senator Mike Lee to vote for the bill.
Senate Democratic leader Chuck Schumer warned Americans in a social media post that Republicans’ plan to phase out the clean energy tax breaks would “jack up your electric bills and jeopardize hundreds of thousands of jobs.”
Senate Republicans also would alter an existing clean energy tax credit so that it would also cover production of metallurgical coal, which is used in steel making.
Woah! I agree with Elon!
But hey, 11 million more without health insurance, plus – people don’t have to pay a fee for gun silencers anymore, so it’s everything a Republican could love:
https://thehill.com/policy/healthcare/5332414-congressional-budget-office-estimate-health-insurance-losses-gop-megabill/
https://thehill.com/homenews/senate/5374948-senate-gop-gun-silencer-short-barrel-rifle-fees-gop-megabill/
Didn’t Musk spend approx $300 million to get Trump and Republicans elected? Surely he must have done his homework and he is getting what he paid for. Musk can be a tough nut(case) to figure out.
I heard someone say something to the effect that Musk is “so smart he doesn’t have sense.” And that’s probably pretty accurate – he’s absolutely brilliant, but no one is 100% intelligent in all the different ways intelligence takes. Also, autistic people can be hyper-advanced in some ways and absolutely crippled in others.
But, in this specific case, he’s right. The BBB is absolutely crippling to America’s future. It ‘might’ have a short-term economic benefit because of the tax breaks, but only short-term (all Trump cares about, though), but it hands China the future on a platter in terms of energy production and technology and increases U.S. economic disparity sharply, all while greatly increasing the deficit.
It’s crazy, but at this point ‘crazy’ has lost all meaning regarding the GOP.
And yes, Musk does deserve a kick in the nuts for helping to elect Trump.
“But, in this specific case, he’s right. ”
It’s all self-interest on his part.
In this case it aligns with the American people’s interest as well. That’s extremely rare.
“Surely he must have done his homework…”
Captain Ketamine the Crackpot’s version of “doing his homework” is asking his ignorant sycophants.
…and don’t call me Shirley.