BREAKING NEWS! The One Big Beautiful Bill Has Passed in Congress.

In this breaking news episode of Tax Credit Talk, hosts Parker An and Hallie James react in real time to the razor-thin 218–214 Congressional vote that pushed the “One Big Beautiful Bill” over the finish line. The legislation is sweeping in scope—locking in some long-promised tax relief while simultaneously rolling back cornerstone clean energy and social support programs.

This is the first look at how the federal tax credit landscape is being redrawn—and what it could mean for developers, families, and clean tech investors as the bill heads to President Trump’s desk for signature.

What We Covered:

Clean energy credits get slashed
The bill phases out the Investment Tax Credit (ITC) and Production Tax Credit (PTC) for wind and solar projects starting construction after 2025, signaling a sharp shift in federal climate policy.

EV credits eliminated entirely
The popular $7,500 federal EV credit will be eliminated by 2027, impacting vehicle affordability and the electric transition strategy across industries.

Permanent Child Tax Credit and new deductions
The Child Tax Credit is made permanent at $2,200/year, with added personal deductions for tips, auto loans, and seniors aimed at easing pressure on working families.

Major federal program cuts
Programs like Medicaid and SNAP face significant budget reductions, part of the bill’s broader aim to curb federal spending.

Impacts on climate, tech, and long-term planning
The rollback of green tax credits raises major concerns for clean energy developers, climate advocates, and even AI infrastructure providers like Amazon and Google, who depend on these incentives to offset high energy demands.

Key Takeaways:

• The bill is not yet law, but it’s headed to the president’s desk.
• Clean energy faces an urgent deadline—begin construction before 2026 or lose core credits.
• Consumer and investor landscapes are being reshaped across energy, transportation, and healthcare.
• Developers and planners should act now to align with fast-moving federal timelines.

Final Thoughts:

This episode captures a pivotal moment in federal tax policy. Whether you’re building solar, managing credits, or strategizing for the year ahead, this bill could change how you work—starting now.

🎧 Listen to the full episode:
https://podcasts.apple.com/us/podcast/breaking-news-the-one-big-beautiful-bill-has-passed/id1816285847?i=1000715656200

📩 To speak with our team, reach out at team@fallbrookfinance.com with the subject line “Tax Credit Talks.”

Fallbrook Financial Services is one of the largest state tax credit brokerages in the country. With over $6 billion in credits placed across renewable energy, housing, film, brownfields, and more, we’re here to help you put your credits to work.