Markey Criticizes Proposed Committee Cuts Hiking Consumer Prices
TL/DR –
Senator Edward J. Markey has criticized the Republican majority of the House Ways and Means Committee for planning to phase-out and terminate key clean energy tax incentives. He argues that these incentives are supercharging the deployment of solar, wind, and batteries, improving energy efficiency, and supporting 400,000 jobs. Markey suggests the move will allow countries like China to take leadership in the global clean energy economy, and contradicts the Inflation Reduction Act’s intention of being the largest clean energy and climate investment in history.
Senator Markey Responds to GOP’s Clean Energy Tax Incentives Phase-Out Plans
On May 12, 2025, Senator Edward J. Markey (D-Mass.) of the Senate Environment and Public Works Committee expressed strong disapproval of the House Ways and Means Committee’s proposed phase-out and termination of key clean energy tax incentives. His Offshore Wind American Manufacturing Act, offering tax breaks for offshore wind components, is encompassed within the Inflation Reduction Act.
Markey criticizes the Republican committee members for risking $420 billion in clean energy investments and threatening 400,000 jobs nationwide. “Republicans are putting an end to tax incentives that have been instrumental in boosting the deployment of solar, wind, and energy storage technologies, reducing clean vehicle costs, and enhancing energy efficiency in homes and businesses.“, Markey said.
He highlighted the potential economic harm and job loss that the proposed repeal of federal clean energy incentives could trigger. “This proposal not only halts incentives for American wind energy component manufacturing but also risks the United States falling behind in the global clean energy economy. It could lead to job losses and progress being handed over to other countries like China.“
“The Inflation Reduction Act represents the most significant clean energy and climate investment in our history. We will not stand by and let Trump, Big Oil, and Republicans reverse our progress and deny our communities and young people a sustainable future.”
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