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    What’s in Trump’s major tax bill? Extended cuts, deportations and more

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    Senate Republicans on Tuesday passed Donald Trump’s massive tax and spending bill after spending all night voting on amendments. The bill, which the GOP has dubbed the One Big Beautiful Bill Act, now returns to the House of Representatives, which passed their version last month, before a Friday deadline the president has imposed for the legislation to be on his desk.Here’s what’s in the Senate’s version of the bill:Extending big tax cutsAfter taking office in 2017, Trump signed the Tax Cuts and Jobs Act, which lowered taxes and increased the standard deduction for all taxpayers, but generally benefited high earners more than most. Those provisions are set to expire after this year, but the “big, beautiful bill” makes them permanent, while increasing the standard deduction by $1,000 for individuals, $1,500 for heads of households and $2,000 for married couples, albeit only through 2028.Cutting tax on tips or overtimeThe bill has an array of new tax write-offs – but only while Trump is president. Several of the new exemptions stem from promises Trump made while campaigning last year. Taxpayers will be able to write off income from tips and overtime, and interest made on loans to purchase cars assembled in the United States. People aged 65 and over are eligible for an additional deduction of $6,000, provided their adjusted gross income does not exceed $75,000 for single filers or $150,000 for couples. But all of these incentives expire at the end of 2028, right before Trump’s term as president ends.Money for mass deportations and a border wallAs part of Trump’s plan to remove undocumented immigrants from the country, Immigration and Customs Enforcement (Ice) will receive $45bn for detention facilities, $14bn for deportation operations and billions of dollars more to hire an additional 10,000 new agents by 2029. More than $50bn is allocated for the construction of new border fortifications, which will probably include a wall along the border with Mexico.Slashing Medicaid and food stampsRepublicans have attempted to cut down on the bill’s cost by slashing two major federal safety-net programs: Medicaid, which provides healthcare to poor and disabled Americans, and the Supplemental Nutrition Assistance Program (Snap), which helps people afford groceries. Both are in for funding cuts, as well as new work requirements. The left-leaning Center on Budget and Policy Priorities estimates the Medicaid changes could cost as many as 10.6 million people their healthcare, and about eight million people, or one in five recipients, their Snap benefits.Cuts to green energyThe bill will phase out many tax incentives created by Congress during Joe Biden’s presidency meant to encourage consumers and businesses to use electric vehicles and other clean-energy technology. Credits for cleaner cars will end this year, as will subsidies for Americans seeking to upgrade their homes to cleaner or more energy-efficient appliances. While a draft of the bill targeted wind- and solar-energy projects with a new excise tax, senators voted to remove that at the last minute.State and local tax relief (Salt)One of the thorniest issues the bill addresses is how much relief to provide from state and local taxes (Salt), which many Americans must also pay in addition to their federal tax. Several House Republicans representing districts in Democratic-led states withheld their support from the bill until the Salt deductibility cap was raised from $10,000 to $40,000, but Senate Republicans made clear they would change that. The Senate’s version keeps the $40,000 cap, but only through 2028.Raising the debt ceilingThe bill will increase the US government’s authority to borrow, known as the debt limit, by $5tn. The US treasury secretary, Scott Bessent, has predicted the government will hit the limit by August, at which point it could default on its debt and spark a financial crisis.More benefits for the rich than the poorWealthier taxpayers appear set to receive more benefits from this bill than poorer ones, according to the Budget Lab at Yale University. Taxpayers in the lowest-income quintile will see a 2.5% decrease in their incomes, largely due to the Snap and Medicaid cuts, while the highest earners will see their incomes grow by 2.4%, the Budget Lab estimated. The impact could change based on which amendments the Senate adopts.A huge price tagDespite the GOP’s attempts to use the bill as a vehicle to rein in government spending, the bill would increase the deficit by $3.3tn through 2034, according to the non-partisan Congressional Budget Office. Most of that price tag is the extension of the 2017 tax cuts. The heavy budgetary impact could complicate the bill’s chances of passing the House, where fiscal hardliners have demanded budget-deficit reductions. More

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      Senate Proposal Ends Tax Cuts for Clean Energy, Disappointing Climate Advocates

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      A Senate tax package softens some blows imposed on renewables by a House version of the bill. But it still terminates many credits for clean power.Climate advocates, Democrats, and even some House Republicans who last month had supported a tax package that gutted federal support for clean energy were hoping the Senate would make fixes to protect energy manufacturing and jobs.But on Monday, Senate Republicans disappointed them, proposing to quickly end most tax breaks for wind and solar power, electric vehicles and other clean energy.Draft legislation released by the Senate Finance Committee would terminate or scale back most of the major tax incentives for clean energy contained in the Inflation Reduction Act of 2022, the Biden administration’s signature climate law.The plan would eliminate within six months a $7,500 consumer tax credit for purchases of electric vehicles as well as home energy rebates for things like electric heat pumps and induction stoves. A tax credit for homeowners who install solar panels on rooftops would end within 180 days. A subsidy for making hydrogen fuels would expire this year.Federal tax credits for wind and solar power, which have been in place for decades but were made more lucrative under the Inflation Reduction Act, would be rapidly phased out. Wind and solar companies could qualify for the full tax break only if they began construction in the next six months. They would receive 60 percent of the tax break if they began construction in 2026, and 20 percent of the tax credit if they began construction in 2027. Projects built after that would get nothing.That’s a slightly longer runway for renewable energy than is in the House version of the bill, which would have ended those tax breaks almost immediately.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      As Energy Costs Surge, Eastern Governors Blame a Grid Manager

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      For decades, a little-known nonprofit organization has played a central role in keeping the lights on for 65 million people in the Eastern United States.Even some governors and lawmakers acknowledge that they were not fully aware of how much influence the organization, PJM, has on the cost and reliability of energy in 13 states. The electrical grid it manages is the largest in the United States.But now some elected leaders have concluded that decisions made by PJM are one of the main reasons utility bills have soared in recent years. They said the organization had been slow to add new solar, wind and battery projects that could help lower the cost of electricity. And they say the grid manager is paying existing power plants too much to supply electricity to their states.Some governors have been so incensed that they have sued PJM, drafted or signed laws to force changes at the organization, or threatened to pull their states out of the regional electric grid.The Democratic governors of Delaware, Maryland, New Jersey and Pennsylvania sharply criticized the organization in recent interviews with The New York Times and in written statements. And the Republican governor of Virginia, Glenn Youngkin, called on the organization to fire its chief executive in a letter obtained by The Times.“PJM has lost the plot,” Gov. Philip D. Murphy of New Jersey said in an interview. In another interview, Gov. Wes Moore of Maryland said about PJM, “I am angry.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      In Reversal, Trump Officials Will Allow Huge Offshore N.Y. Wind Farm to Proceed

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      The Trump administration had issued a highly unusual stop-work order on the Empire Wind project last month, leading to intense pushback from officials in New York.The Trump administration on Monday allowed construction to restart on a huge wind farm off the coast of Long Island, a month after federal officials had issued a highly unusual stop-work order that had pushed the $5 billion project to the brink of collapse.In a statement, Gov. Kathy Hochul, Democrat of New York, said she had spent weeks pressing President Trump and Interior Secretary Doug Burgum to lift the government’s hold on the wind farm.The project, known as Empire Wind, is being built by the Norwegian energy giant Equinor and when finished is expected to deliver enough electricity to power 500,000 New York homes.“After countless conversations with Equinor and White House officials, bringing labor and business to the table to emphasize the importance of this project, I’m pleased that President Trump and Secretary Burgum have agreed to lift the stop work order and allow this project to move forward,” Ms. Hochul said on Monday evening.When the Trump administration halted work on Empire Wind last month, it stunned observers and sent shock waves through the wind industry.Equinor had obtained all necessary permits for the project after a four-year federal environmental review, and the company had already begun laying foundations for the project’s turbines on the ocean floor. Another 1,500 workers had begun constructing a marine terminal in Brooklyn.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      A Funeral Director Brought Wind Power to Rock Port, Missouri

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      Eric Chamberlain was at work, driving a hearse, when he first caught sight of the wind turbine that would set him on a path to change the fortunes of his hometown.It was the mid-2000s, and Mr. Chamberlain was leading a funeral procession in Iowa, across the border from his home in Atchison County in northwest Missouri, when giant white blades came into view. Mr. Chamberlain had heard of wind energy but not seen a commercial turbine before. He was intrigued, but obviously couldn’t pull over to take a closer look.“I didn’t stop,” said Mr. Chamberlain, whose family has operated Chamberlain Funeral Homes and Monuments since 1968. “I was polite.”Eric Chamberlain, a funeral director, grew up in Atchison, one of Missouri’s most rural counties.After the funeral, he visited a local newspaper in Iowa to ask people there about the wind energy project.Mr. Chamberlain, 70, grew up in Atchison, one of Missouri’s most rural counties, and over the years watched as waning opportunities and population decline steadily ate away at the place. Young people didn’t come back after college. School enrollment fell. Farms got bigger, and fewer farmers meant less tax revenue. Businesses on Main Street closed and the area went from having two grocery stores to one.Tell Us About Solutions Where You Live More

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      Trump Administration Halts Building of Giant Wind Farm Off N.Y. Coast

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      Gov. Kathy Hochul quickly responded that she would “fight this decision every step of the way.”Just as construction was starting on a massive wind farm off the coast of Long Island, the Trump administration ordered an immediate halt on Wednesday that could spell a serious setback for hopes of powering New York City with offshore wind.Doug Burgum, the interior secretary, called for the cessation of “all construction activities” on the Empire Wind project, which was designed to provide enough electricity to power about 500,000 homes in New York.On the first day of his new term in office, President Trump signed an executive order that limited the approval of offshore wind farms. But Empire Wind had already received all of the permits it needed to get underway.In a social media post on Wednesday, Mr. Burgum said the halt would allow for “further review of information that suggests the Biden administration rushed through its approval without sufficient analysis.”New York’s governor, Kathy Hochul, a Democrat, quickly responded that she would “fight this decision every step of the way.” She called the secretary’s move a “federal overreach” that she would not allow to stand.The order came two weeks after Representative Chris Smith, a Republican from New Jersey, asked Mr. Burgum in a letter to “do everything in your power” to stop what he called an “underhanded rush” to build the wind farm. Another Republican representative from New Jersey, Jeff Van Drew, has pressed Mr. Trump to put a stop to other wind farms that were planned in the Atlantic Ocean to provide renewable power to New Jersey.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Nuclear Power Was Once Shunned at Climate Talks. Now, It’s a Rising Star.

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      Growing worldwide energy demand and other factors have shifted the calculus, but hurdles still lie ahead.For years at global climate summits, nuclear energy was seen by many as part of the problem, not part of the solution.Sama Bilbao y Leon has been attending the annual United Nations climate change talks since 1999, when she was a student of nuclear engineering. And for most of that time, she said, people didn’t want to discuss nuclear power at all.“We had antinuclear groups saying, ‘What are you doing here? Leave!’” she said.These days, it’s a very different story.At last year’s climate conference in the United Arab Emirates, 22 countries pledged, for the first time, to triple the world’s use of nuclear power by midcentury to help curb global warming. At this year’s summit in Azerbaijan, six more countries signed the pledge.“It’s a whole different dynamic today,” said Dr. Bilbao y Leon, who now leads the World Nuclear Association, an industry trade group. “A lot more people are open to talking about nuclear power as a solution.”The list of countries pledging to build new nuclear reactors, which can generate electricity without emitting any planet-warming greenhouse gases, includes longtime users of the technology like Canada, France, South Korea and the United States. But it also includes countries that don’t currently have any nuclear capacity, like Kenya, Mongolia and Nigeria.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Britain Awards 10 Contracts for Offshore Wind Projects

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      The successful outcome of the government auction for renewable energy projects may bolster a wind industry battered by rising costs.The British government on Tuesday awarded price support contracts for a series of offshore wind farms as part of a wider package for renewable energy, a reversal from a disappointing auction last year in which there were no takers for offshore wind projects.“The government has shown it takes renewable energy seriously,” Duncan Clark, the head of Britain and Ireland for the Danish wind developer Orsted, which received support for two projects in the auction, said in a statement.Overall the government awarded support for 131 renewable energy projects including onshore wind as well as solar and tidal power. RenewableUK, an industry group, estimates that the installations, if completed, could attract £14 billion, or about $18 billion, in investment and power nearly 11 million homes.The government of Prime Minister Keir Starmer is betting on offshore wind as “the backbone of the clean energy mission” to shift from oil and gas to renewable energy sources in a matter of years.The governing Labour Party realized that if it wanted to retain Britain’s leading position in offshore wind installation, it needed to substantially increase price supports to help developers tackle the estimated 40 percent increase in the costs of building these projects in recent years. Offshore wind is attractive in Britain because of abundant wind and large areas of shallow seabed off the coasts, especially in the North Sea. Investors are also attracted to the profits from these projects, which can cost billions of dollars.Stephen Bull, chief executive of Vargronn, which received support for a floating offshore wind farm off Scotland called Green Volt, said in an interview that the auction may not have reversed the impact of last year’s failure, but the results put Britain “on the right track.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The Last Coal-Fired Power Plants in New England Are to Close

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      The company that owns the Merrimack and Schiller stations in New Hampshire plans to turn them into solar farms and battery storage for offshore wind.The last two coal-fired power plants in New England are set to close by 2025 and 2028, ending the use of a fossil fuel that supplied electricity to the region for more than 50 years.The decision to close the Merrimack and Schiller stations, both in New Hampshire, makes New England the second region in the country, after the Pacific Northwest, to stop burning coal.Environmentalists waged a five-year legal battle against the New Hampshire plants, saying that the owner had discharged warm water from steam turbines into a nearby river without cooling it first to match the natural temperature.In a settlement reached on Wednesday with the Sierra Club and the Conservative Law Foundation, Granite Shore Power, the owner of the plants, agreed that Schiller would not run after Dec. 31, 2025 and that Merrimack would cease operations no later than June 2028.“This announcement is the culmination of years of persistence and dedication from so many people across New England,” said Gina McCarthy, a former national climate adviser to President Biden and former administrator of the Environmental Protection Agency during the Obama administration who is now a senior adviser at Bloomberg Philanthropies, which supports efforts to phase out coal.“I’m wicked proud to live in New England today and be here,” Ms. McCarthy said. “Every day, we’re showing the rest of the country that we will secure our clean energy future without compromising.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More