Trump’s big beautiful bill takes away money from growing renewable energy that employs more jobs than coal and toward dying coal. It’s not just bad for the environment, it’s bad business. The bill makes it difficult to use components from China, even though China is one of our key suppliers. This will limit U.S. production.
The bill expands fossil fuel subsidies. Subsidies are essentially giving money to companies. This should be done when certain industries are important to emphasize above and beyond the incentive for profit-making, like environmental benefits. Considering fossil fuels cause deadly air pollution as well as contribute to global warming, subsidizing them makes no sense.
Fossil fuel industries are already built out, so subsidies pay such companies for doing stuff that they were doing anyways. Renewable industries are still developing and growing, so subsidies actually create new business. Once you consider the environmental impacts, fossil fuel subsidies net a negative return.
Trump’s bill has led to a lot of fired scientists. Foreign countries are offering bonuses to hire these scientists. These nonsense policies are producing American brain drain.