Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.
For 50 years, automakers have had to increase the fuel efficiency of their vehicles or pay fines. The Republican megabill would set those penalties to $0.
In Cedartown, Ga., a solar recycling company’s plan to hire 1,200 people could be upended by Republicans in Congress.
Last year alone, companies owned by Elon Musk were promised $3 billion across nearly 100 different government contracts with 17 federal agencies.