Though supporters claim otherwise, this bill will harm scientific innovation by promoting technological mediocrity (because of built-in requirements for enormous amounts of upfront capital expenditures for soon to be embarrassingly obsolete technology that will take a decade or more to reach cost recovery - even with enormous subsidies on one side of the scale, and cap’n’tax on the other).
Before the dinosaur technology comes close to cost recovery, energy generated by next-generation solar and modern nuclear reactor technology will be cheaper than that available even from coal, natural gas, or petroleum - without subsidies, without differential tax rates, without other forms of social engineering. That is the direction we are headed, and the government is going to muck things up before we get there.
The twin engines of genuine progress - science/engineering and the free market - are what solve problems. These people pushing this crap have no interest in the environment or geopolitical concerns. This is about wealth redistribution - nationally and internationally. This is about control of enterprise. This is about paying back special interests. Saddest of all, this is about the few well-meaning paternalists (for whom the above is not applicable) desperate to do something, having been convinced by various deluded busybodies (whose word is accepted as holy writ) that failure to act will result in some profane incarnation of Armageddon.
"this historic vote....to SAVE THE PLANET"....
Domed I tell you! DOMED! If we don't pass this !