U.S. Manufacturing Advocates Praise a Bipartisan Senate Bill Blocking Chinese Companies From Domestic Tax Credits

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WASHINGTON, D.C. — The Defend Solar USA Alliancewhich advocates for the U.S. photo voltaic manufacturing business, lauded the introduction of bipartisan laws that will block Chinese language photo voltaic producers and different overseas entities from profiting from a clear vitality tax credit score supposed to spice up American photo voltaic manufacturing jobs.

The Inflation Discount Act of 2022 created an Superior Manufacturing Manufacturing Tax Credit score (45X) to bolster home manufacturing of kit, elements and demanding supplies associated to scrub and renewable vitality. These tax credit have contributed to the most important investments in manufacturing facility manufacturing in almost 100 years. However with out motion from Congress, it’s estimated that Chinese language-controlled firms may acquire greater than $100 billion in federal tax credit that had been as a substitute designed to help U.S. clean-energy producers.

The American Tax {Dollars} for American Photo voltaic Manufacturing Act, launched yesterday by Sens. Sherrod Brown (D-Ohio), Invoice Cassidy (D-LA), Jon Ossoff (D-GA) and Rick Scott (D-FL), would be sure that firms managed by China and different unfriendly overseas international locations (referred to as “foreign entities of concern”) wouldn’t be capable to obtain the 45X tax credit.

“We shouldn’t be in the business of rewarding China at the expense of our domestic solar industry,” stated U.S. Military Normal John Adams (ret.), and Board Member of the Defend Photo voltaic USA Alliance. “The Brown-Cassidy bill would ensure that Americans’ taxpayer dollars stay right here at home rather than help subsidize a foreign government’s efforts to put domestic manufacturers out of work. By building a successful domestic solar industry, the U.S. can break from its reliance on foreign energy sources, strengthen our supply chain and reduce our vulnerability to geopolitical conflicts.”

Congress and the Biden-Harris Administration should additionally take decisive motion to cease China from violating U.S. trade laws by dumping photo voltaic panels often made with forced labor into the American market at depressed costs, making it almost unimaginable for U.S. producers to compete. Along with passing this laws, the Commerce Division and U.S. Worldwide Commerce Fee should proceed their investigation with out undue interference into the antidumping instances filed by the American Alliance for Solar Manufacturing Trade Committee.

ABOUT DEFEND SOLAR USA ALLIANCE: Sturdy American photo voltaic manufacturing is important for jobs, vitality safety and reaching local weather objectives. The Defend Photo voltaic USA Alliance educates policymakers on the situations going through U.S. photo voltaic producers. Be taught extra at www.defendsolar.org.

Courtesy of e-mail from Defendsolar.org