Several pages of the proposed “One Big Beautiful Bill Act” are devoted to deconstructing clean-energy subsidies including tax credits for electric vehicles and energy-efficient home improvements. (Credit: Vitalii Vodolazskyi/Adobe Stock)
Insurance industry trade groups responded this week to various aspects of President Donald Trump’s “Big Beautiful Bill,” the proposed tax code previously passed by the U.S. House and now under consideration by the Senate.
Both the House version as well as the Senate's reconciliation bill extend tax cuts to individuals and corporations set to expire, according to The New York Times; albiet, the Senate’s version earmarks larger corporate cuts. “The tweaks could carry vast implications for millions of families and business owners, as Republicans continue to calibrate a costly bill that could alter the trajectory of the economy and shape the nation’s financial health for generations,” Tony Romm reported for The New York Times.
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Elana Ashanti Jefferson
Editor-in-Chief Elana Ashanti Jefferson is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
