Senate Democrats Pass Sweeping Climate and Energy Bill

Climate Care

US Senate Democrats on Sunday passed a piece of legislation that addresses climate change and healthcare through new corporate taxes,. Key energy and environment portions could impact the country's sustainability and future. In a major win for Tesla, Ford, and other electric automakers, the bill created $4,000 in tax credits for lower-income consumers who purchase a used electric vehicle, and up to $7,500 in tax credits for those who purchase a new one. It also provides tax breaks to US residents who use eco-friendly renewable energy sources like solar panels in their homes.

The bill also includes $60 billion in production tax incentives to ensure that more solar panels, wind turbines and other energy products are manufactured in the US. Last but not least, it also created $4 billion in relief funds for states suffering from the ongoing Western draught and will help pay for projects to increase Colorado River levels.that suggests the bill may clear the final hurdle — the House of Representatives — and pass into law.

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