The Senate is beginning to vote tonight to advance the GOP "megabill" that would sharply cut the IRA's tax credits for solar and wind projects.
Big Oil has thrown tens of millions of dollars into electing Republicans to Congress to earn these payoffs. (Free article)
readsludge.com/2025/06/05/big-…
Big Oil Wins in Trump-GOP Megabill
The One Big Beautiful Bill Act is chock full of items from the oil and gas industry's wish list.Donald Shaw (Sludge)
Sludge
in reply to Sludge • • •Billionaire Republican megadonors saw their wealth soar under the tax laws benefiting the wealthiest that the "megabill" enshrines.
Hedge fund titan Ken Griffin's net worth increased 400% since the 2017 GOP tax law. He gave over $108 million last cycle backing GOP candidates and groups.
Elon Musk's wealth has grown by over 1600% under the Tax Cuts and Jobs Act.
readsludge.com/2025/05/23/bill…
Billionaires Set to Gain From Trump-GOP Tax Law Extension
David Moore (Sludge)