Democratic senators propose clean energy tax credits

Two U.S. senators from states with declining manufacturing sectors are pushing to invest $8 billion through tax credits to create clean energy jobs.

Associated Press

Mar 1, 2021, 10:32 PM

Updated 1,198 days ago

Share:

Two U.S. senators from states with declining manufacturing sectors are pushing to invest $8 billion through tax credits to create clean energy jobs.
U.S. Sens. Joe Manchin of West Virginia and Debbie Stabenow of Michigan unveiled legislation Monday that aims to help rural communities that have lost jobs in the coal and and fossil fuel industries.
The proposal is meant to incentivize companies producing batteries, electric and fuel cell vehicles, semiconductor chips and other renewable energy technologies.
The two Democrats said it would aim to uplift Appalachia, where the decline of coal has devastated local economies, and other parts of the country where manufacturing has declined. Half of the $8 billion would go to communities where coal mines have closed or coal power plants have shuttered. 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 Stabenow authored to help the manufacturing sector recover from the Great Recession. She said the new proposal would help produce parts and technologies necessary for a clean energy supply chain.
“We don't have to be counting on it coming from overseas. We don't have to have China doing the majority of the solar panels, or the majority of the batteries,” she said in a Zoom news conference with Manchin. “We can do that here. And these are great paying jobs, they are union jobs.”


More from News 12
1:21
Police: Child seriously injured after being hit by car in New Square

Police: Child seriously injured after being hit by car in New Square

2:17
Nice today but hot and more humid weather is on the way

Nice today but hot and more humid weather is on the way

1:10
Headlines: Murder suspect arrested, burglary arrest in Mamaroneck, drug and weapons charges in Newburgh

Headlines: Murder suspect arrested, burglary arrest in Mamaroneck, drug and weapons charges in Newburgh

0:46
Police seek help finding missing woman with autism in Hartsdale

Police seek help finding missing woman with autism in Hartsdale

0:24
5th graders at Montgomery Elementary School ‘DARE Aware’ after fun kickball game

5th graders at Montgomery Elementary School ‘DARE Aware’ after fun kickball game

0:30
Transit Alert: Bee-Line Bus service changes coming Monday

Transit Alert: Bee-Line Bus service changes coming Monday

0:17
Firefighters quickly extinguish blaze in Mount Vernon building

Firefighters quickly extinguish blaze in Mount Vernon building

0:31
NYPD: 37-year-old woman from Mount Vernon fatally slashed in the neck in Williamsbridge; suspect arrested

NYPD: 37-year-old woman from Mount Vernon fatally slashed in the neck in Williamsbridge; suspect arrested

0:37
Dog fight! Joey Chestnut out of July 4 hot dog eating contest due to deal with rival brand

Dog fight! Joey Chestnut out of July 4 hot dog eating contest due to deal with rival brand

1:51
New York launches Mobile ID to digitize driver’s licenses, non-driver IDs. Here’s how to get it.

New York launches Mobile ID to digitize driver’s licenses, non-driver IDs. Here’s how to get it.

1:58
USA, fresh off huge upset win, plays India in last Nassau Cricket World Cup match

USA, fresh off huge upset win, plays India in last Nassau Cricket World Cup match

1:28
Garden Guide: This is why your plants are blooming better than usual this year

Garden Guide: This is why your plants are blooming better than usual this year

2:06
Kingston tenants call for rent freeze

Kingston tenants call for rent freeze

0:23
Mount Vernon teen arrested in connection to shooting

Mount Vernon teen arrested in connection to shooting

0:40
Prayer services set for teen who fell from 5-story building in Harrison

Prayer services set for teen who fell from 5-story building in Harrison

0:29
Rockland Executive Ed Day calling on state to address potholes across the county

Rockland Executive Ed Day calling on state to address potholes across the county

1:39
‘Welcome to Soccer County.’ Westchester SC to call Mount Vernon’s Memorial Field home next spring

‘Welcome to Soccer County.’ Westchester SC to call Mount Vernon’s Memorial Field home next spring

1:42
Democrats vying for 97th Assembly District seat map out priorities for Orangetown, Ramapo

Democrats vying for 97th Assembly District seat map out priorities for Orangetown, Ramapo

0:43
Bronx man arrested, accused of robbing home in Mamaroneck

Bronx man arrested, accused of robbing home in Mamaroneck

1:38
Red-light cameras come to Hartsdale in wake of Stephanie Kavourias’ death

Red-light cameras come to Hartsdale in wake of Stephanie Kavourias’ death