Congress

China’s Solar Firms Face Potential Tax Credit Freeze Under House ‘Big Beautiful Bill’

Inflation Reduction Act rewrite would block access to key U.S. subsidies starting in 2026.
China’s Solar Firms Face Potential Tax Credit Freeze Under House ‘Big Beautiful Bill’
Employees work on solar photovoltaic modules that will be exported at a factory in Lianyungang, in China's eastern Jiangsu province on Jan. 4, 2024. STR/AFP via Getty Images
Kenneth Rapoza
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Chinese clean energy companies would be excluded from tax benefits they enjoyed under the Inflation Reduction Act (IRA), should the One Big Beautiful Bill Act, currently considered by the U.S. Congress, become law.

The act, a budget reconciliation package aimed to implement President Donald Trump’s policy agenda, was passed by the House of Representatives early Thursday by one vote. China solar importers are asking the Senate to change course in their version of the bill.

Kenneth Rapoza
Kenneth Rapoza
Author
Kenneth Rapoza is a freelance writer for NTD. He was a staff reporter for the WSJ in Brazil and later spent 2011 to 2020 as the BRICs reporter for Forbes. He writes occasional editorials for Newsweek on the Trump trade agenda and is an analyst at the Coalition for a Prosperous America by day.