Articles tagged with "Inflation-Reduction-Act"
2 Millions Jobs at Risk if Republicans Repeal Clean Manufacturing Tax Credits - CleanTechnica
The article discusses the significant job risks posed by a Republican-led House bill that seeks to repeal the Clean Manufacturing Tax Credits established under the Inflation Reduction Act of 2022. According to an analysis by the BlueGreen Alliance, over two million jobs across the manufacturing sector could be lost if the bill becomes law. This includes nearly 300,000 direct manufacturing jobs, more than one million indirect jobs tied to supply chains, and approximately 643,000 induced jobs related to economic activity generated by these sectors. The Alliance emphasizes that these figures are based on company announcements and do not account for projects already canceled, suggesting the actual impact could be even more severe. The job losses would affect a range of states, including both traditionally Democratic and Republican ones, with California, Georgia, Michigan, Illinois, Tennessee, Arizona, and South Carolina each facing over 100,000 jobs at risk. The Alliance highlights that many of these states were won by President Trump in the 2024 election, underscoring the political
energyclean-manufacturingtax-creditsjob-riskInflation-Reduction-Acteconomic-impactmanufacturing-jobsRepublicans in House Who Don't Want Clean Energy Tax Credits Cut Look to Senators to Save Them - CleanTechnica
The article discusses the political dynamics surrounding clean energy and electric vehicle tax credits established by the Inflation Reduction Act of 2022. Although these incentives disproportionately benefit districts represented by Republican lawmakers, many Republicans initially voted to cut these tax credits to align with party and oil and gas industry interests. However, 13 Republican House members from vulnerable districts, led by Rep. Jen Kiggans (R-VA), have recently expressed strong concerns about provisions that would phase down these incentives and impose strict new supply chain requirements, warning that such measures could threaten billions in investments and thousands of jobs. These lawmakers have appealed to Senate leaders, urging them to restore the tax credits in the final bill to support U.S. energy producers, manufacturers, and workers, emphasizing the need for a "pro-energy growth" approach that balances taxpayer protection with economic opportunity. Notably, while tax credits for renewables face cuts, incentives for nuclear power and biofuels remain intact, reflecting political preferences that may not align with maximizing competitiveness against
energyclean-energytax-creditsrenewable-energyInflation-Reduction-Actenergy-policyenergy-investmentHow Cuts To The Inflation Reduction Act Will Hurt Everyday Americans - CleanTechnica
clean-energysolar-energyelectric-vehiclesInflation-Reduction-Actenergy-costsgreen-jobsclimate-changeThe Basics of IRA Subsidies and Why It’s Stupid to Kill Them - CleanTechnica
energyelectric-vehiclessolar-powersubsidiesInflation-Reduction-Actclean-technologyfossil-fuelsHouse GOP wants to cut parts of the Inflation Reduction Act while sparing others
energyclean-energyelectric-vehiclescarbon-capturebattery-storageInflation-Reduction-Actsustainable-aviation-fuel