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Senator Joe Manchin, Chairman of the Senate Energy and Natural Resources Committee, is not happy about how his wording in the Inflation Reduction Act is being interpreted by President Biden’s Department of the Treasury. Treasury’s proposal allows a much wider claim on the electric vehicle tax credit than he says he intended. The Treasury Department […]
To Senator Manchin’s dismay, Biden’s Treasury Department is allowing the tax credit for electric vehicles to be claimed if the vehicle is leased regardless of where the battery components and vehicle were manufactured. The intent of the Inflation Reduction Act was for the tax credit to be applied to electric vehicles that were manufactured from components made […]
Billions in handouts and subsidies for corporations and other special interests. WASHINGTON DC (08/16/2022) – Today, President Biden is returning to the White House to sign the Inflation Reduction Act, a spending package that Democrats pushed through Congress using the budget reconciliation process. The bill will cost an estimated $437 billion, with $369 billion allocated […]
The Manchin/Schumer ”Inflation Reduction Act“ keeps and extends the $7,500 tax credit on electric vehicles and removes the numerical cap but there are a number of stipulations related to obtaining the full credit, one of which is where the battery materials are made. To qualify for $3,750 of the credit, an increasing share of a vehicle’s battery […]
On this episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss shifting definitions, Joe Manchin’s betrayal of West Virginia, and get into just how much damage the recent Senate bills could do to American families. Links: Wind Fail: 20 Quotes for 30 Years of False Hopes Manchin’s and Schumer’s “Inflation Reduction Act of […]
Inclusion of corporate welfare and unnecessary tax extensions a major mistake. WASHINGTON DC (December 21, 2020) – The American Energy Alliance (AEA), the country’s premier pro-consumer, pro-taxpayer, and free-market energy organization, released the following response to news that Congress has agreed to include special green giveaways for the powerful renewable energy lobby – which has already drained billions […]
The U.S. Senate, the only stronghold in Congress, must resist temptation to pass unnecessary handouts to special interests before – and after – the election. WASHINGTON DC (October 22, 2020) – The American Energy Alliance (AEA), the country’s premier pro-consumer, pro-taxpayer, and free-market energy organization, issued a letter to Senate Leader Mitch McConnell and many […]
All last weekend, Democratic and Republican Senators huddled hour after hour hammering out a bipartisan deal to get financial relief to the individuals, companies and state and local governments affected by the widespread shutdowns in response to the spread of the Wuhan coronavirus. By Sunday evening, a deal had been reached to send checks directly […]
A coalition of House Democrats, environmental advocacy groups, and renewable energy trade associations are looking to take advantage of the economic slowdown caused by the COVID-19 pandemic by sneaking several renewable energy tax credits into an economic stimulus bill. Let’s set aside for a moment the question of whether or not such stimulus packages are […]
The American Energy Alliance urges all Senators to reject harmful amendments to the introduced American Energy Innovation Act. Numerous proposed and filed amendments have no place in this legislation. Legislative action in such areas as the Kigali Amendment limiting HFCs, the Land and Water Conservation Fund, and electric vehicle and other tax credits, among others should be debated on […]