The House’s so-called “One Big Beautiful Bill” may promise growth—but it could cost Americans jobs, raise energy prices, and explode the deficit.
At a Glance
- House bill could kill 830,000 clean energy jobs by 2030
- GDP losses may surpass $1 trillion by 2034
- Energy costs projected to rise 50% by 2035 if clean energy investment stalls
- The bill could add $3.3 trillion to the U.S. debt
- Critics warn it prioritizes tax cuts over essential programs like SNAP
Green Sector Gutted
The U.S. House’s reconciliation bill, pitched as an economic driver, is sparking alarm over its potential impact on clean energy. By eliminating tax credits critical to the renewable energy sector, the bill could destroy over 800,000 jobs and jeopardize over $1 trillion in GDP over the next decade.
With energy demand projected to surge by nearly 16% over four years, the rollback on support for clean infrastructure could drive up energy prices by 50% by 2035, leaving American households and businesses facing steeper bills and supply instability.
Watch an analysis: How the House Bill Could Cripple Clean Energy.
This move also stifles U.S. competitiveness. While global clean energy investment hit $2.1 trillion in 2024, experts warn that scaling back now sends the wrong signal—especially as China and the EU surge ahead in energy innovation.
Fiscal Fallout and Social Cuts
Beyond the green sector, the House plan—designed to extend elements of the 2017 Tax Cuts and Jobs Act—poses a dire fiscal risk. According to JPMorgan, the bill could balloon the national debt by $3.3 trillion by 2034, pushing debt-to-GDP ratios to an unsustainable 125% and inflating interest payments to record levels.
Critics argue that the bill protects tax cuts for the wealthy while slashing safety nets. Proposed reductions to the Supplemental Nutrition Assistance Program (SNAP) would amount to the largest cuts in U.S. history—crippling low-income families as inflation and utility costs rise.
A Misnamed Economic Plan?
Despite the branding as the “One Big Beautiful Bill,” economic analysts and social advocates say the legislation’s real beauty is only skin deep. With consequences rippling through labor markets, consumer prices, energy security, and fiscal stability, the House proposal threatens to unravel the very economic fabric it claims to bolster.
Until revisions are made—or the Senate blocks its passage—Americans face the unsettling prospect of higher bills, fewer jobs, and a government that may be spending its way into a structural crisis.
