The “One Big Beautiful Bill Act” being considered by the U.S. Senate would repeal multiple federal policies, funding programs, and tax credits that drive American energy manufacturing and deployment. The text claws back unobligated funding, expands new oil and gas leasing, changes or eliminates energy and manufacturing tax credits, and repeals some Clean Air Act programs. The bill’s current text would hold back economic growth by:
- Increasing annual energy bills across American households by a total of $170 billion during the budget reconciliation window of 2025-2034
- Reducing America’s workforce by 840,000 jobs in 2030 and another 790,000 jobs in 2035
- Shrinking cumulative U.S. GDP by $1.1 trillion during the budget reconciliation window of 2025-2034
- Decreasing cumulative new electricity capacity additions 120 gigawatts by 2030 and 330 gigawatts by 2035
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