Washington, D.C. – This week, House Republicans in the Ways and Means committee and the Energy and Commerce committee unveiled their budget plan that guts critical energy tax credits — threateningthousands of American jobs, raising electricity bills for families and businesses, and jeopardizing U.S. leadership in energy and innovation just as energy demand is surging.
The consequences won’t just only hit families — through less reliable, more expensive energy and billions of dollars in lost investments — this bill will deal a major blow to America’s ability to compete in global energy leadership, advanced manufacturing, and energy-intensive technologies like AI and data centers. The result: More U.S. projects and jobs sent overseas and fewer opportunities for American workers.
Republicans and Democrats alike are warning that the weakened energy tax credits in the House Ways and Means budget bill will undermine America’s competitiveness with China, threaten thousands of jobs, and jeopardize critical investments needed to strengthen U.S. energy leadership. Just yesterday, 12 House Republicans urged House leadership to revise the bill that cuts or scales back energy tax credits
Clean energy industry leaders, investors, and associations are speaking out about the repercussions of gutting energy tax credits in the Ways and Means budget on American families and for American energy dominance:
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