Full Title: Economic Impacts of U.S. Senate “One Big Beautiful Bill Act” Energy Provisions
Author(s): Robbie Orvis, Megan Mahajan, Dan O'Brien
Publisher(s): Energy Innovation
Publication Date: June 29, 2025
Full Text: Download Resource
Description (excerpt):
The U.S. Senate’s Budget Committee released its version of the “One Big Beautiful Bill Act” on June 28th, with text building upon the U.S. House of Representatives-passed version to add an excise tax to new wind and solar energy facilities, on top of other policies that increase oil and gas leasing, cut fossil fuel royalty rates, repeal clean energy tax credits, and delay funding for agricultural and forestry conservation. The bill will harm America by cutting new electricity capacity additions, increasing consumer power prices, and reducing U.S. GDP and job growth