Chuck Schumer Warns GOP Budget Will 'Kill Clean Energy In Its Tracks' And Raise Energy Costs

Forbes Breaking News

During remarks on the Senate floor Tuesday, Senate Minority Leader Chuck Schumer (D-NY) spoke about the Republican budget's energy policies.

Transcript

00:00On clean energy.

00:02Donald Trump's so-called Big Beautiful Bill should really be called one big ugly energy

00:07killer.

00:08With this monstrosity of a bill, Donald Trump and Republicans seem ready to kill clean energy

00:13in its tracks and raise people's energy costs in the process.

00:18The only people celebrating the Republican Bill's energy policies are the fossil fuel

00:23industry, because it will be the fossil fuel industry whose pockets are lined.

00:28The fossil fuel industry simply has blind hatred of clean energy.

00:33You know why?

00:34They know it's the future.

00:35They know it's cheaper.

00:37They know it's where we're going.

00:39That America needs clean energy in order to meet our demands moving forward.

00:45We all know America has a huge and growing demand for new energy.

00:49We're going to need ten times as much electricity to continue powering breakthroughs in artificial

00:54intelligence, which isn't going away any time soon.

00:58But with their bill, Republicans want to cut off one of the major ways, the newest, cheapest,

01:06and fastest-growing way to produce new energy.

01:09Because they want to tax new clean electricity, stifling the supply of new energy, putting

01:15us at risk of falling behind in AI to countries like China.

01:21And what would the Republican plan mean for average American family or small business?

01:26Simple.

01:27Higher energy costs.

01:29To the American people, I say, if this bill passes, your electricity costs are going up.

01:35Look at the facts.

01:37The Republican plan will increase average national electricity prices by about 10%.

01:44The Republican plan will increase total household energy costs by $32 billion.

01:49That means American families will pay $32 billion more.

01:53All to please the ideological blindness of the fossil fuel industry.

02:02And that's not to mention that the Republican plan would cost America about 800,000 jobs by

02:072030, all across America, in red states and blue states.

02:13What a terrible price to pay just to lower taxes for the ultra-rich, just to line the pockets

02:20of the fossil fuel industry, to satisfy the ideological hatred that fossil fuel industry has for clean

02:28energy, and to lose out on American energy dominance.

02:33What a terrible price toMeet.

02:38Is that possible?

02:40Right.

02:42So, let's have a look.

02:45We'll see.

02:47Let's see.

02:49We're not.

02:49Bye-bye.

02:50Bye-bye.

02:51Bye-bye.

02:52Bye-bye.

02:53No, we're not.

02:54Bye-bye.

02:56Bye.

02:58Bye-bye.

02:59Bye.

03:00Bye-bye.

03:01Bye-bye.

03:02Bye-bye.

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