This whole thing is insane. I am watching CSPAN anticipating a vote soon on the Big Bust Bill. Bernie Sanders just proposed an amendment that would provide for seniors to have coverage for dental, vision and hearing aides , The Republicans just shot it down as the have with every common sense addendums put forth by the democrats. Green energy will fall part due to the language in this insane bill. Political suicide for Republicans , unless they are banking on the White House to have such control that there may not be an election cycle in 2026.
Thank you again Ellie. It’s hard to read what they’re going to do to all but the 1% but we need to know and be able to share it in an understandable form. Not that MAGA wants facts but I’ll shave them in their face anyway. I appreciate your hard work.
They are chopping away tax credits for the little guy while boasting up the wealthy. Everything from our pockets to the air we breathe is being compromised by this administration. Thank you for all you do.
Thank you. This is sickening and disgusting, and sadly not surprising. It leaves me feeling heartbroken for all of the people whose lives are already difficult and soon will be ruined. For no good reason!
The *most* important thing (tactically) about all of the removal of incentives, (along now with actual *penalties* for new renewable energy projects,) is the very consequential increase in costs this will bring to all households in the nation in the coming years.
Sheldon Whitehouse gave a particularly good summary on the Senate floor on Sunday, of how this will come about:
Basically, the cost of electricity, as sourced from wind, solar, hydro and geothermal infrastructure is consequentially lower than that provided by petrochemical electricity generation. The way that our electric grids work, is that all of the different sources of electric production are tied to the grid, and the pricing per Megawatt hour is based on a bidding system, in which the lower priced energy gets consumed first (because that will win such offers/bidding.)
But when energy demand goes *up* (under higher load on the grid,) then successively the remaining capacity is the higher-priced electricity sourced from petrochemical (and/or coal) generation.
At present, a significant percentage of the electric grid's electric energy capacity is sourced from renewable sources (this might be 20% to 30% - I'll have to go back and look at Whitehouse's charts.)
A really key thing to understand in all this, is that the *demand* for electrical energy is growing at a *completely stupendous* rate (given warehouse-scale computing, and now emerging AI, along with other things,) and so we need to continue to grow the provision of electrical energy in the country accordingly.
If new projects to develop additional renewable energy infrastructure is halted - or severely curtailed, and this section of the bill does, then significantly more of our electricity will have to come from gas and oil generation.
This will be a gigantic windfall for the OIl and gas companies (surprise surprise,) and is predicted to cause an increase in domestic electricity costs of between 5% and 20% in the near term. This depends on the degree to which different geographies in the country have their electricity sourced.
So this will be the definite near-term economic effects for all households in the country, and of course it will effect industrial consumers accordingly (hence costs they will have to pass along in the products and services they sell.)
Beyond this - which relatively few people are presently aware of, we also have the obvious considerations for climate. I don't think I need to waste anyone's time on what that is also pretty darn important.
And that is nowadays looking to be a *much* more tactical matter that our climate scientists had anticipated (in terms of the rate of global temperature increases.)
Thank you for posting this.
Thank you for reading, these tax credit cuts are pretty wild.
This whole thing is insane. I am watching CSPAN anticipating a vote soon on the Big Bust Bill. Bernie Sanders just proposed an amendment that would provide for seniors to have coverage for dental, vision and hearing aides , The Republicans just shot it down as the have with every common sense addendums put forth by the democrats. Green energy will fall part due to the language in this insane bill. Political suicide for Republicans , unless they are banking on the White House to have such control that there may not be an election cycle in 2026.
We have a lot of work to do. THE BBB Passed in the senate. The is truly an American tragedy .
We know what we have to do.
Thank you again Ellie. It’s hard to read what they’re going to do to all but the 1% but we need to know and be able to share it in an understandable form. Not that MAGA wants facts but I’ll shave them in their face anyway. I appreciate your hard work.
I appreciate you too, thank you Susan
They are chopping away tax credits for the little guy while boasting up the wealthy. Everything from our pockets to the air we breathe is being compromised by this administration. Thank you for all you do.
Dumb question why are the Republicans so against green energy like energy efficient appliances n electric cars??
It is so dumb
Thank you. This is sickening and disgusting, and sadly not surprising. It leaves me feeling heartbroken for all of the people whose lives are already difficult and soon will be ruined. For no good reason!
The *most* important thing (tactically) about all of the removal of incentives, (along now with actual *penalties* for new renewable energy projects,) is the very consequential increase in costs this will bring to all households in the nation in the coming years.
Sheldon Whitehouse gave a particularly good summary on the Senate floor on Sunday, of how this will come about:
Basically, the cost of electricity, as sourced from wind, solar, hydro and geothermal infrastructure is consequentially lower than that provided by petrochemical electricity generation. The way that our electric grids work, is that all of the different sources of electric production are tied to the grid, and the pricing per Megawatt hour is based on a bidding system, in which the lower priced energy gets consumed first (because that will win such offers/bidding.)
But when energy demand goes *up* (under higher load on the grid,) then successively the remaining capacity is the higher-priced electricity sourced from petrochemical (and/or coal) generation.
At present, a significant percentage of the electric grid's electric energy capacity is sourced from renewable sources (this might be 20% to 30% - I'll have to go back and look at Whitehouse's charts.)
A really key thing to understand in all this, is that the *demand* for electrical energy is growing at a *completely stupendous* rate (given warehouse-scale computing, and now emerging AI, along with other things,) and so we need to continue to grow the provision of electrical energy in the country accordingly.
If new projects to develop additional renewable energy infrastructure is halted - or severely curtailed, and this section of the bill does, then significantly more of our electricity will have to come from gas and oil generation.
This will be a gigantic windfall for the OIl and gas companies (surprise surprise,) and is predicted to cause an increase in domestic electricity costs of between 5% and 20% in the near term. This depends on the degree to which different geographies in the country have their electricity sourced.
So this will be the definite near-term economic effects for all households in the country, and of course it will effect industrial consumers accordingly (hence costs they will have to pass along in the products and services they sell.)
Beyond this - which relatively few people are presently aware of, we also have the obvious considerations for climate. I don't think I need to waste anyone's time on what that is also pretty darn important.
And that is nowadays looking to be a *much* more tactical matter that our climate scientists had anticipated (in terms of the rate of global temperature increases.)
Summary: This is *very bad* doo doo!
Great job summarizing this.
Can u go over what was the outcome pertaining to Medicaid Medicare EBT etc?
When do these things go into effect?
Did anyone vote no or did all the Republicans get bought off like the rep of Alaska?
Is this final or does it now go bk to the congress...so confusing. 😞😞😵💫
Thank you. Thank you, thank you. 3:17 am PDT
Thank you for taking the time to simplify this
Here is Sheldon Whitehouse's presentation in the Senate from (yesterday) Sunday the 29th:
"A Rotten Racket" Senator Whitehouse Rebukes Republican Bill
https://www.youtube.com/watch?v=d94S2O0VdLw
I *strongly* encourage you to watch this (it's about 20 minutes in total, but you'll understand it fairly quickly before it's finished.)