Ceres applauds the release today of a letter from four Republican U.S. Senators, voicing their support for maintaining federal clean energy tax credits and other clean economy incentives amid the ongoing budget reconciliation process. The letter, sent to Senate Majority Leader John Thune and signed by Sen. John Curtis of Utah, Lisa Murkowski of Alaska, Thom Tillis of North Carolina, and Jerry Moran of Kansas, cautions against repealing tax credits that boost U.S. manufacturing, reduce energy prices, and provide policy certainty for businesses.
“American businesses support federal clean economy incentives because they are restoring domestic manufacturing and supply chains, strengthening our global leadership in the industries of the 21st century economy, and achieving energy dominance to reduce prices while meeting growing power demand,” said Zach Friedman, senior director of federal policy, Ceres. “Clean energy tax credits have a long history of bipartisan support, and repealing them would cede the global race against China to lead the world in advanced manufacturing and energy innovation. Today, we are heartened to see growing recognition of the importance of these policies in the U.S. Senate. Ceres thanks Sens. Curtis, Murkowski, Tillis, and Moran for their leadership, and remains committed to connecting leading businesses and policymakers to showcase the vast economic, energy, and national security benefits of federal advanced energy and manufacturing tax credits.”
The Senators’ letter comes amid ongoing budget debates in the U.S. House and Senate as lawmakers seek to extend and expand the 2017 tax cuts. It follows a letter from 21 Republican members of the House released earlier in March, which similarly argued for maintaining federal clean energy tax credits. Together, the two letters show significant support from Republican lawmakers for maintaining the tax credits due to their economic and energy security benefits, who have seen them firsthand in their districts and states. Each letter came in the aftermath of LEAD on a Clean Economy 2025, a three-day advocacy event hosted by Ceres in March that brought 80 major companies to Capitol Hill to meet with Republican lawmakers and advocate for maintaining the clean energy and manufacturing tax credits. Participating companies included Carrier, Danone, DHL, dsm-firmenich, Ecolab, Ford Motor Co., Heirloom Carbon, HASI, Holcim, IKEA US, Lucid, Lutron, Michelin, Schneider Electric, and Siemens, among others. Ceres returned to Capitol Hill with companies in April to continue showcasing corporate support for these critical policies.
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Ceres is a nonprofit advocacy organization working to accelerate the transition to a cleaner, more just, and sustainable world. United under a shared vision, our powerful networks of investors and companies are proving sustainability is the bottom line—changing markets and sectors from the inside out. For more information, visit ceres.org.