President Donald Trump’s attempt to create U.S. jobs by taxing solar panel imports could backfire.
That’s according to the CEO of the Solar Energy Industries Association trade group, who says it’s domestic workers that will feel the pain.
“We have been the fastest growing form of new energy...and this is putting the brakes on that crazy growth,” Abigail Ross Hopper told Cheddar in an interview. “These are not people who are looking for what nationality the company they work for is. They just want to feed their families and pay their mortgages. And those are the people whose jobs are at risk.”
Earlier this week President Trump signed a law that would impose a 30 percent tariff on imported solar panel and sells, a move the administration says will encourage domestic manufacturing.
But the SEIA says the vast majority of the 260,000 Americans employed in the industry work in peripheral industries like installation. Ross Hopper says the bill will result in 23,000 layoffs this year and delay or cancel billions of dollars of investment in the sector.
She also says it might dissuade U.S. consumers from going green.
“Most [businesses and consumers] want to choose solar because it saves them money,” she said. “This decision changes that calculus.”
For full interview [click here](https://cheddar.com/videos/solar-power-in-america).
The DOJ has endorsed an antitrust bill targeting tech giants like Apple, Amazon, Meta, and Google. The legislation would ban the companies from favoring their own products and services over their competitor's, making it more difficult them to dominate the marketplace. Greg Day, Assistant Professor of Legal Studies at the University of Georgia, breaks down the bill and its potential impact on anti-competition in the tech sector.
Catching you up with what you need to know on Apr 1, 2022, with Ukrainians hoping to flee the besieged city of Mariupol with a ceasefire is in place, President Biden orders the release of oil from U.S.reserves, LGBT activists suing Florida Governor Ron DeSantis over the "Don't Say Gay" Law, U.S. passports offering an "x" option for gender, and more.
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
Progress for the LGBTQ community was made last week when Andi Mudryk, a long-time disability advocate, became the first openly transgender person appointed to the bench in California. Chris Johnson, White House reporter for the Washington Blade, joins Cheddar News to discuss.
President Biden proposed a new billionaire’s tax, that would subject the richest Americans to a minimum tax rate of 20 percent. The White House says billionaires pay an average tax rate of just eight percent, much lower than the national average of 22 percent. Cheddar News speaks with ProPublica’s Paul Kiel who explains how the regulation would work.
The most popular and most valuable cryptocurrency is also the least eco-friendly - data shows that Bitcoin mining generates the same amount of carbon emissions as the entire country of Thailand. According to nonprofit Fair Planet, 96 million tons of carbon dioxide emissions come from Bitcoin mining every year. Now, a consortium of climate activist groups is calling on the Bitcoin industry to cut its energy use by making changes to its software code. Michael Brune, former executive director of the Sierra Club, joins Cheddar News' Closing Bell to discuss.
Imani Gandy, senior editor for law and policy at Rewire News Group, and co-host of the podcast Boom! Lawyered, joins Cheddar Politics to discuss Ketanji Brown Jackson's upcoming confirmation hearings, and the politics surrounding several Republican attack lines against her in the lead-up.
Susannah Wellford, founder and CEO of Running Start, joins Cheddar News to discuss getting more women involved in politics. Running Start helps provide women and girls the tools they need to get involved in politics, and to see a future where they can become political leaders.
Congressional candidate Melanie D'Arrigo came on Cheddar Politics to talk about her campaign for the Democratic nomination in New York's Third Congressional district. The progressive activist ran in the 2020 primary against incumbent Democratic Rep. Tom Suozzi. The seat is open this time, as Suozzi seeks the New York Governorship.
