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18 House Republicans Urge Johnson Not to Target IRA Clean Energy Tax Credits

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More than a dozen House Republicans wrote to Speaker Mike Johnson (R-La.) on Tuesday asking him not to eliminate clean energy tax credits in the Inflation Reduction Act (IRA) if the GOP maintain or expand its majority in the House next year.

In the letter, first shared with Politico’s E&E News, members led by Rep. Andrew Garbarino (RN.Y.) criticized the IRA as a whole but wrote that revoking the credits could undermine energy sector growth spurred by its tax provisions. They noted that several companies have already initiated investments that they made assuming the credits would remain in place, and that eliminating them could lead to a “worst-case scenario” in which billions of dollars have already been spent on financial benefits that no longer exist.

In addition to Garbarino, the letter was signed by GOP representatives David Valadao (Calif.), Lori Chavez-DeRemer (Ore.), Marc Molinaro (NY), Erin Houchin (Ind.), Anthony D’Esposito (NY), Mike Lawler (NY), Nick LaLota (NY), Young Kim (California), Jen Kiggans (Va.), John Curtis (Utah), Don Bacon (Neb.), Tom Kean Jr. Ohio), Mariannette Miller-Meeks (Iowa ), Juan Ciscomani (Ariz.), Mark Amodei (Nev.) and Buddy Carter (Georgia).

“Energy tax credits have spurred innovation, encouraged investment, and created good jobs in many parts of the country — including many districts represented by members of our conference,” they wrote. “We must reverse policies that harm American families, while protecting and refining those that are making our country more energy independent and Americans more energy secure. As Republicans, we support a comprehensive approach to energy development and tax credits that encourage domestic production, innovation and supply from all sources.”

Republicans in the House currently have a razor-thin margin and any repeal vote would be doomed in the Senate. However, former President Trump has indicated that he would support repealing part or all of the law if he returns to the White House, and Senate Majority Leader Chuck Schumer (D-N.Y.) has called repeal an “untimely threat.” ” in June.

The Hill has reached out to Johnson’s office for comment.



This story originally appeared on thehill.com read the full story

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