US Edition
Maine’s Congressional Delegation Must Protect Clean Energy Tax Credits
- On May 22, the U.S. House approved a budget measure that significantly reduces clean energy tax incentives in the United States.
- This action follows the 2022 Inflation Reduction Act, which originally established these tax credits to boost clean energy investment and job creation.
- Environmental groups, bipartisan coalitions of local officials, and experts warn that eliminating these credits would increase energy costs, threaten jobs, and hinder economic growth nationwide.
- Analyses estimate that repealing incentives could raise household electricity bills by up to $145 annually by 2030 and risk up to 330,000 jobs and $286 billion in investments.
- The outcome suggests that further tax credit reductions may cause economic disruption, higher energy prices, and weakened U.S. competitiveness unless the Senate preserves these incentives.
22 Articles
22 Articles
‘We Have a Real Chance’: Chuck Schumer on the Plan to Save the IRA
The Inflation Reduction Act was never supposed to get here. The clean energy law was one of President Joe Biden and the then-Democratic congressional majority’s proudest accomplishments. But the law — which as initially written would put America much closer to its climate goals — is now in the process of being dismantled. Last month, House Republicans overhauled the law in their reconciliation megabill, all but undoing most of the incentives mea…
House GOP plan to gut green energy tax credits meets resistance in Senate
Several Republican senators say they're opposed to the wholescale repeal of certain clean energy tax credits passed by the House. Their phones have been ringing off the hook from industry leaders and energy lobbyists who want to make sure the Senate makes changes to the bill.
Central Maine News
Portland Press HeraldMaine’s congressional delegation must protect clean energy tax credits
As the Congress ponders the budget bill for the next year, I am writing to encourage the Maine congressional delegation, and particularly Sen. Susan Collins, as chair of the Senate Appropriations Committee, to do everything in their power to protect the clean energy tax credits contained in the Inflation Reduction Act of 2022. These tax […]
Winston-Salem Journal
News & RecordCongress shouldn't pull plug on NC clean-energy progress
On May 22, the House of Representatives passed a budget bill that drastically cuts America's investment in clean energy by repealing tax credits enacted a few years ago. Those tax credits, designed to boost clean-energy manufacturing in the U.S., have…
Coverage Details
Bias Distribution
- 44% of the sources lean Left, 44% of the sources are Center
To view factuality data please Upgrade to Premium
