Schatz: Republican Tax Bill Will Raise Energy Costs For Americans

WASHINGTON – U.S. Senator Brian Schatz (D-Hawai‘i) released the following statement after Senate Republicans released new details on their tax legislation that would raise energy costs for Americans and gut health care and food assistance to fund tax cuts for the ultra-wealthy.

“Democrats took historic action to contain energy costs and fight the climate crisis through the Inflation Reduction Act. Now, Trump’s bill to cut taxes for billionaires will upend our progress – pulling the rug out from under wind and solar projects that are already underway. This bill will jack up people’s energy prices, reduce energy supply, and deny certainty for businesses investing in clean energy – all while dramatically expanding fossil fuel production and selling off millions of acres of public land. Trump and the Republicans are out of touch with regular people’s daily lives, and this existential moment for the planet, and Americans across the country will pay the price, for generations.”

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