The context is, operating cost is minimal. Resources that power the generation is zero, being that wind and sun are not commodities bought from suppliers. Coal and gas need to be bought first, before generating power. Without tax breaks to build renewables, gas and coal goes up with demand creating long term cost that will far out live temporary tax cuts. Cuts in a bill that will increase the debt by over 3 Trillion, and 5 Trillion if the temporary cuts get made permanent by 2034.
It's not $250+ electric bill but ~500 in tax cuts. Cuts are temporary (3-4 years? unless renewed) but the electric bill will just keep on chugging.
They could do things like restore ATM collection above 400k (+300B), Corporate SALT caps (+400B), expire the 199a pass-through above 200/400k (+470B), dont extend lower Intl rates for business (+165B), remove the extend & expand Estate cut (+210B), set the top rate to 39.6% above 400k (+650) [0]
Thats 2.2T or so using a bit of your math while leaving in most tax cuts for people making under 400k. And Trump gets to keep his vanity "Trump Account" that will cost 17B. Win Win for the majority of the population.
Letting the tax rate cuts expire would create ~3.4T in revenue instead of burden us for decades. Wasn't that the whole thing in the first place, reduce debt? Not increase it? Or just let the tax rates go halfsy and come away with 1.6T plus some of the 2.2T.
The IRA cuts are only a ~570B gain , part of that was for training and hiring workers, with a goal of a ~million jobs (iirc, I won't cry over its loss, but it's spending is a net good compared to the wastefulness of many of the tax cuts). This bill is going to cost us far more than the temporary tax saving for us, and more cuts for companies at the expense of the people.
The context is, operating cost is minimal. Resources that power the generation is zero, being that wind and sun are not commodities bought from suppliers. Coal and gas need to be bought first, before generating power. Without tax breaks to build renewables, gas and coal goes up with demand creating long term cost that will far out live temporary tax cuts. Cuts in a bill that will increase the debt by over 3 Trillion, and 5 Trillion if the temporary cuts get made permanent by 2034.
It's not $250+ electric bill but ~500 in tax cuts. Cuts are temporary (3-4 years? unless renewed) but the electric bill will just keep on chugging.
They could do things like restore ATM collection above 400k (+300B), Corporate SALT caps (+400B), expire the 199a pass-through above 200/400k (+470B), dont extend lower Intl rates for business (+165B), remove the extend & expand Estate cut (+210B), set the top rate to 39.6% above 400k (+650) [0]
Thats 2.2T or so using a bit of your math while leaving in most tax cuts for people making under 400k. And Trump gets to keep his vanity "Trump Account" that will cost 17B. Win Win for the majority of the population.
Letting the tax rate cuts expire would create ~3.4T in revenue instead of burden us for decades. Wasn't that the whole thing in the first place, reduce debt? Not increase it? Or just let the tax rates go halfsy and come away with 1.6T plus some of the 2.2T.
The IRA cuts are only a ~570B gain , part of that was for training and hiring workers, with a goal of a ~million jobs (iirc, I won't cry over its loss, but it's spending is a net good compared to the wastefulness of many of the tax cuts). This bill is going to cost us far more than the temporary tax saving for us, and more cuts for companies at the expense of the people.
[0] https://www.crfb.org/blogs/breaking-down-one-big-beautiful-b... a few of the proposed cuts comes from links within this OBBBA breakdown