House Democrats push clean energy tax incentives in infrastructure package
More than 180 House Democrats are urging leaders to include significant tax incentives for clean energy, energy efficiency and clean transportation in the plan.
Lawmakers – led by Reps Earl Blumenauer (D-OR), A. Donald McEachin (D-VA), Nanette Diaz Barragán (D-CA), Jason Crow (D-CO) and Mike Levin (CA) – argue that these provisions will not only help the clean energy sector recover from the COVID-19 pandemic, but will also play a key role in tackling the climate crisis. Faced with the new report of the UN Intergovernmental Panel on Climate Change showing a “Red Code” in the fight against the climate, the implementation of these clean energy incentives takes on greater urgency .
“These incentives will play a vital role in the economic recovery of the United States, mitigate some of the impacts of pollution suffered by disadvantaged communities and help the country to rebuild itself better and cleaner,” House lawmakers said in their statement. letter Tuesday to President Pelosi and Chief Hoyer. “We look forward to working with you to include a stable, predictable and long-term tax platform on clean energy, energy efficiency and clean transport in the infrastructure package this year. “
The letter comes as the Senate begins to consider a $ 3.5 trillion budget resolution with reconciliation instructions paving the way for the enactment of a stable, predictable, long-term tax platform with a payment option. direct, which:
- Provides long-term extensions and extensions to the Production Tax Credit and the Investment Tax Credit to achieve President Biden’s goal of a carbon-pollution-free electricity sector here 2035.
- Extends and modernizes tax incentives for commercial and residential energy efficiency improvements and residential electrification.
- Extends and modifies incentives for clean transportation options and alternative fuel infrastructure.
- Supports clean home energy, energy efficiency and clean transportation manufacturing.
The clean energy sector was expected to create 175,000 jobs in 2020, but the COVID-19 pandemic has shaken the industry and around 300,000 clean energy workers were still out of work at the start of 2021. Lawmakers argue that clean energy, energy efficiency and cleanliness Transportation tax incentives will help bring these workers home, while supporting tough labor standards and domestic manufacturing.
“The importance of a clean energy fiscal policy is made even more evident and urgent with record temperatures in the Pacific Northwest, unprecedented drought in the west and the impacts of tropical storms being felt along from the east coast, ”lawmakers added.