Advanced Energy United urges bipartisan support for policies driving affordable, reliable energy and economic growth.
WASHINGTON, DC — Today Advanced Energy United’s CEO Heather O’Neill issued the following statement in response to the release of the House Ways and Means Committee full reconciliation proposal, which includes a range of concerning changes to important tax policies that support American energy projects:
“Lawmakers on both sides of the aisle recognize the essential role advanced energy plays in delivering abundant, affordable, and reliable power, supporting job creation, and driving American energy dominance in the 21st century. Unfortunately, this proposal from Ways & Means doesn’t reflect that bipartisan recognition. The cumulative effect will undercut American energy abundance and cede global energy and transportation leadership to China and other competitors.
In particular, we are deeply concerned by proposals that will slash transferability, end consumer credits, and cede American energy leadership. Transferability is an essential policy helping finance affordable, abundant energy while spurring investment in advanced manufacturing, critical minerals, nuclear and more. Without it, policymakers run the risk of raising electricity prices, discouraging domestic investment, and threatening the safety of our energy system.
From rooftop solar to cost-effective transportation, this bill would also eliminate tax credits helping American families lower their bills and strengthen their energy security. Without these credits, American families will be worse off, and U.S. manufacturers, who have invested in domestic manufacturing, will be forced to shutter assembly lines, lay off workers, and move production abroad.
We look forward to continuing to work with lawmakers to defend these critical tax policies that are powering investment, creating economic opportunity, and keeping the lights on in every region of the country.”