Governor Stein is urging Senate Majority Leader John Thune, Senate Finance Committe Chair Mike Crapo, and North Carolina Senators Ted Budd and Thom Tillis to to rethink the U.S. House efforts to end the energy and manufacturing tax credits that the Inflation Reduction Act of 2022 installed, according to a release.
Our state’s clean energy economy is booming, and companies’ decisions to locate their clean energy advanced manufacturing facilities in North Carolina have brought jobs and opportunities to our state,” said Governor Josh Stein. “H.R. 1’s abrupt changes to these credits would jeopardize much of this investment, stifle the demand that many companies were counting on, and conflict with the goals of reshoring manufacturing that the Trump Administration has championed. H.R. 1 would weaken our economy, raise utility prices on consumers, and undermine our national security.