Republican Bill Will Destroy Manufacturing, Raise Energy Costs, and Threaten American Energy Independence

Washington, D.C. — Today, Senate Democrats held a press conference highlighting the devastating impacts of the House Republican tax bill and urging Senate Republicans to change it. The bill will gut American-made clean energy, kill manufacturing jobs, threaten energy independence, and send household energy costs through the roof. 

Senate Democratic Leader Chuck Schumer (D-NY) issued the following statement: 

“We say we need more energy in America – the quickest, best, and cheapest way to get it is clean energy. And yet the House has sent us a bill that kills the program…These provisions, if passed, would basically end clean energy…They are making these cuts because they want tax breaks for billionaires…We are sending this message out to our Republican colleagues: Change this bill. It’s horrible for consumers. It’s horrible for jobs. It’s horrible for American independence with China.”

The Republican bill would raise energy costs:

• According to nonpartisan experts, annual energy bills across American households would increase by a total of $170 billion during the budget reconciliation window of 2025-2034.

• Household energy spending would increase by an average of nearly $150 per year in 2030 and more than $260 per year in 2035. 

• In North Carolina, household energy spending would increase by an average of more than $290 per year in 2030 and nearly $700 per year in 2035.

• In Georgia, household energy spending would increase by an average of nearly $220 per year in 2030 and more than $540 per year in 2035.

• In Kansas, household energy spending would increase by an average of more than $210 per year in 2030 and more than $670 per year in 2035.

• In Iowa, household energy spending would increase by an average of nearly $210 per year in 2030 and nearly $550 per year in 2035. 

• In Indiana, household energy spending would increase by an average of nearly $160 per year in 2030 and more than $530 per year in 2035.

• In Louisiana, household energy spending would increase by an average of more than $260 per year in 2030 and nearly $800 per year in 2035.

• In South Carolina, household energy would increase spending by an average of nearly $350 per year in 2030 and nearly $900 per year in 2035

• National wholesale electricity prices would increase 50%. 

The Republican bill would kill manufacturing jobs: 

• Trump’s attacks on clean energy have already threatened or canceled more than 90,000 clean energy manufacturing jobs. 

• Repealing clean energy tax credits would put 400,000 clean energy manufacturing jobs at risk. 

• According to nonpartisan experts, the U.S. workforce would lose 840,000 jobs in 2030 and another 790,000 jobs in 2035.

• North Carolina’s workforce would lose over 45,000 jobs in 2030 and more than 42,000 jobs in 2035.

• Georgia’s workforce would lose 31,000 jobs in 2030 and 43,000 jobs in 2035.

• Iowa’s workforce would lose 7,700 jobs in 2030 and nearly 14,000 jobs in 2035. 

• Kansas’ workforce would lose 9,700 jobs in 2030 and more than 10,000 jobs in 2035.

• Indiana’s workforce would lose 20,000 jobs in 2030 and more than 54,000 jobs in 2035.

• Louisiana’s workforce would lose 16,000 jobs in 2030 and more than 25,000 jobs in 2035.

• South Carolina’s workforce would lose 15,000 jobs in 2030 and nearly 22,000 jobs in 2035.