“Let’s Win More”, Says Enthusiast
TL/DR –
U.S. Senator Martin Heinrich (New Mexico) has expressed that the Bipartisan Infrastructure Law and the Inflation Reduction Act have prompted a domestic manufacturing boom, particularly in the clean energy sector, in New Mexico and across the country. During a hearing with the Senate Energy and Natural Resources Committee, Heinrich cited the creation of jobs in the electric vehicle supply chain, the establishment of EV charging networks, and economic growth as benefits of these legislative measures. He also voiced concern about the potential impact of repealing the Inflation Reduction Act, as proposed by House Republicans, suggesting it would lead to job losses and hinder the U.S.’s competitiveness with China.
U.S. Senate Update: Infrastructure Law & Inflation Reduction Act Fuel Manufacturing Boom
In a recent Senate Energy and Natural Resources Committee hearing, Senator Martin Heinrich (D-N.M.) underscored the positive impact of the Bipartisan Infrastructure Law and Inflation Reduction Act on domestic manufacturing. The legislations have sparked a manufacturing surge in New Mexico and nationwide, creating high-quality jobs, bolstering the electric vehicle (EV) supply chain, and promoting economic and middle-class growth.
Heinrich emphasized the Inflation Reduction Act’s role in fast-tracking New Mexico’s clean energy transition and job creation. He said, “The Act’s incentives are dramatically accelerating the ongoing clean energy industrial revolution, supercharging manufacturing in a way we haven’t seen in 60 years. This is evident in New Mexico with factory announcements in solar, wind, and EV supply chains.”
Heinrich asked U.S. Department of Treasury Deputy Secretary Adewale Adeyemo, “How would you characterize the manufacturing investment landscape both before and after the Inflation Reduction Act?” Adeyemo responded, “The Chips and Science Act, the Bipartisan Infrastructure Law, and most importantly, the Inflation Reduction Act, have led to investment in America that is unlocking a country-wide manufacturing boom.”
Heinrich spoke about the contrast between the disinvestment he witnessed growing up and the recent domestic manufacturing resurgence. He also questioned Department of Energy Secretary David Turk on the potential consequences of repealing the Inflation Reduction Act. Turk warned, “Those jobs go away. America’s manufacturing boom goes away. The investments being made in America go away.”
When asked about the U.S.’s competitiveness with China if jobs disappear, Turk responded, “Absolutely less competitive. We’re competing and I would say we’re winning. The tax tools, the brand tools, the loan tools you’ve given us are accelerating that in a very intentional way across our country.”
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