House Republicans narrowly passed a major tax and immigration bill backed by former President Trump, but its future in the Senate is uncertain.

Read here to know how proposed tax changes impact NextEra Energy (NEE), its growth in renewables, and dividend outlook amidst policy headwinds.

Among the proposals in the Trump administration's and House Republicans' Big, Beautiful Bill is the elimination of the federal clean vehicle tax incentive.

The One Big Beautiful Bill Act passed the House of Representatives by a 214-213 vote early Thursday morning. It now goes on to the Senate. Among a slew of other provisions, the bill moves the expiration date of EV tax credits from December 31, 2032, to December 31, 2025.

The One, Big, Beautiful Bill would significantly limit tax credits for clean energy and manufacturing introduced or expanded under the

Analysts said the cuts in the House budget bill will increase emissions and raise energy prices while effectively ceding the clean energy market to China.