I wrote a letter to the editor in response to a Wall Street Journal op-ed by Rahm Emanuel, former mayor of Chicago and former Illinois representative.
Rahm Emanuel wrongly blames the One Big Beautiful Bill Act for rising electricity prices (“Big Electric Bill? Thank Trump,” op-ed, Sept. 18). The reconciliation bill doesn’t remove tax credits retroactively, and phaseouts won’t start for several years. Projects still qualify if they produce electricity by the end of 2027 or by 2030 if they begin construction by next summer. If wind and solar are cost-competitive, then losing tax credits shouldn’t “strand capital previously invested in projects that won’t now come online.” That developers expect to abandon projects without taxpayer dollars shows that 30 years of subsidies have merely shifted costs to taxpayers…
Read the rest at this free gift link.
