00:00The Senate-S version of the One Big Beautiful Bill Act is stirring debate over the future of renewable energy tax credits.
00:08While the bill is more favorable to nuclear geothermal and hydropower extending their tax credits into the 2030s,
00:15it also includes provisions that would abruptly terminate tax credits for clean hydrogen production facilities not under construction by the end of the year.
00:25This has drawn concern from Senators like Shelley Morcapito, who argues against such a swift termination.
00:32Conversely, Senator Tom Tillis is asking about the termination dates for some renewable energy tax credits,
00:40highlighting the risk of stranding investments already made in clean energy projects.
00:44Meanwhile, Senator Josh Hawley has criticized the bill for effectively defunding rural hospitals to pay for the phase-out of renewable energy tax credits.
00:55Arguing that specific projects should find their own funding rather than impacting critical health care services.
01:02These negotiations underscore the complex balancing act within the budget bill,
01:07as lawmakers try to reconcile various energy priorities and funding mechanisms.
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