This is how you kill an industry - and our energy security.
Surprise Tax in G.O.P. Bill Could Cripple Wind and Solar Power https://t.co/uO7crc73Kf via @NYTimes
The Post (and @elon) gets it right. This is insanity - and the best way to make energy more expensive, make our economy worse and make our country less competitive. https://t.co/MnGFeXLWbw
Trump’s Trade and Tax Policies Start to Stall U.S. Battery Boom https://t.co/ZXL50AXCWT
"Battery companies are slowing construction or reconsidering big investments in the United States because of tariffs on China and the proposed rollback of tax credits," the NY Times reports.
This is so so bad for the country's long-term competitiveness in a critical platform industry of the 21st century — batteries — and directly contrary to Trump's stated goal of expanding US manufacturing prowess. For more, see https://t.co/q2ntYrTxzG
The United States is about to walk off the field, ceding a major economic lever for the 21st century to China. Thank you for your attention to this matter.
Stunningly, the new Senate budget bill contains a NEW tax on wind & solar power projects. Avoiding the tax depends on positive demonstration that projects dont violate material assistance rules that is next to impossible to demonstrate. Based on my calcs, could raise taxes on wind & solar projects by up to:
~11% for utility scale solar
~8% for residential solar
~18% for on and offshore wind projects
That comes on top of ending a 30-50% tax cut for wind and solar projects. So this bill could RAISE TAXES on the most important new sources of electricity supply in the USA by at least roughly 40-70%!!
That is utter insanity!
Not only will this facility in Bartow County be the third largest economic development project in state history, it will reduce our dependence on China for manufacturing and create more than 3,500 new jobs in the 11th Congressional District of Georgia.
https://t.co/KUEzSj2yBV
"There should be nothing political or partisan about creating jobs, driving economic growth, and making America competitive.
E2 Executive Director Bob Keefe contests Trump's pledge to rescind unspent IRA funds. @jchatterleyCNN
A new book on America’s clean energy boom – “Clean Economy NOW" from E2's @bkeefee2 – releases next week (4/2). To celebrate, we’re posting 10 reasons why this moment is critical our economic future.
Learn how the clean energy revolution is happening NOW: https://t.co/369lS7lvPn
Tonight's #SOTU will be made under the strongest economy in generations, and a booming clean economy!
📉3.7% unemployment
👩🏭243 new clean energy manufacturing projects
👷3.1M new jobs
⚡️150K new clean energy jobs/yr
📈3.2% GDP growth
🔌Record 1.2M EVs sold
💸27% S&P 500 return
Today @SecGranholm@ENERGY and @RepJamesClyburn got a first-hand look at the high-power #EVcharger#manufacturing of our DC fast chargers with @Flexint in #SouthCarolina as part of the #PeoplePowered Summer roadtrip. Our South Carolina made Terra 184 is already being installed along #American highways and is the first Build America, Buy America compliant 150kW+ DC fast charger that meets the NEVI program requirements.