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).
According to the 16-page report obtained by Cheddar, the expected price tag of the Victim's Compensation Fund is expected to be more than $10 billion over the next 10 years.
French lawmakers voted to impose a 3 percent tax on revenues from digital services that reach French users that could leave U.S. tech giants like Facebook, Google, and Amazon facing a hefty new tax bill.
Billionaire progressive activist Tom Steyer who joined the 2020 race spoke with Cheddar about his focus on the avarice of big business and its undue influence.
These are the headlines you Need 2 Know for Thursday, July 11, 2019.
The House Judiciary Subcommittee on Crime, Terrorism, and Homeland Security held a historic hearing on cannabis to tackle how best to reform laws regarding the controlled substance.
Acosta told reporters that new sex crime charges against hedge fund manager Jeffrey Epstein were welcome, but he defended his role in the previous case brought against the billionaire that ended in a reportedly sweetheart deal.
These are the headlines you Need 2 Know for Wednesday, July 10, 2019.
The Third Strike Campaign aims to shed light on — and give a voice to — the real people that continue to suffer everyday from the “tough on crime” justice system and the mandatory sentencing guidelines under three strikes legislation.
Anthony Scaramucci, the outspoken investment banker and former White House Communications Director, criticized the Trump administration’s enduring trade disputes, arguing the tariffs ultimately hurt the American people.
California Sen. Kamala Harris and South Bend Mayor Pete Buttigieg are the most formidable of the two dozen Democratic presidential candidates, according to Anthony Scaramucci.
