Like his House counterpart, President Donald Trump’s 2026 budget draft Senate will withdraw billions of approved funds approved under the 2022 Inflation Reduction Act (IRA) and the 2021 Inflation Investment and Jobs Act (IIJA).
Both Chambers spending plans almost replicated one big beautiful bill for the President by reducing the allocation of “green energy” before the 2032 satisfaction rate, and the Senate iteration has extended several tax credits and loan support to 2028, with two years longer than the immediate layoffs in the House.
