Democratic Senators Propose Clean Energy Tax Credits | Government and Politics

Democratic Senators Propose Clean Energy Tax Credits |  Government and Politics

CHARLESTON, W.Va. (AP) – Two U.S. senators from states with declining manufacturing sectors are pushing to invest $ 8 billion in tax credits to create clean energy jobs.

US Senator Joe Manchin of West Virginia and Debbie Stabenow of Michigan on Monday unveiled legislation to help rural communities that have lost jobs in the coal and fossil fuel industries.

The proposal aims to incentivize companies producing batteries, electric and fuel cell vehicles, semiconductor chips and other renewable energy technologies.

Both Democrats said he would aim to pick up the Appalachian Mountains, where coal decline has devastated local economies, and other areas of the country where manufacturing has declined. Half of the $ 8 billion would go to communities where coal mines have closed or coal-fired power plants have closed. The other half would target the auto industry, Manchin said.

“This is basically what we need for people to make the investments so that people can have good jobs in the area where they want to live,” Manchin said.

The bill is similar to a 2009 tax credit that Stabenow created to help the manufacturing sector recover from the Great Recession. She said the new proposal would help produce the parts and technologies needed for a clean energy supply chain.

“We don’t need to rely on her coming from abroad. We don’t need China to make the majority of the solar panels, or the majority of the batteries, ”she said in a Zoom news conference with Manchin….

Source

News Highlights Politics

  • Headline: Democratic Senators Propose Clean Energy Tax Credits | Government and Politics
  • Check all news and articles from the Politics news updates.
Disclaimer: If you need to update/edit/remove this news or article then please contact our support team.
For Latest Updates Follow us on Google News
Bollyinside - US Local News & Breaking News Stories
Logo
Compare items
  • Total (0)
Compare
0