American Clean Power Statement: Clean Energy Tax Hikes in Senate Budget Bill

WASHINGTON DC, June 28, 2025 – The American Clean Power Association (ACP) issued the following statement from CEO Jason Grumet after the Senate released updated bill text late Friday night. The text imposes new taxes that would freeze energy investments, reduce domestic energy production, and drive-up household energy bills.

“With no warning, the Senate has proposed new language that would increase taxes on domestic energy production.

“In what can only be described as ‘midnight dumping,’ the Senate has proposed a punitive tax hike targeting the fastest-growing sectors of our energy industry. It is astounding that the Senate would intentionally raise prices on consumers rather than encouraging economic growth and addressing the affordability crisis facing American households.

“These new taxes will strand hundreds of billions of dollars in current investments, threaten energy security, undermine growth in domestic manufacturing and land hardest on rural communities who would have been the greatest beneficiaries of clean energy investment.

“We understand the Senate’s desire to meet the President’s July 4^th deadline, but the stakes here are very high. We urge Senate leadership to strike these last-minute tax increases and to take the time to responsibly analyze the impacts of this new tax regime on American businesses and communities.”