Democratic senators propose clean energy tax credits

Democratic senators propose clean energy tax credits
Sen. Joe Manchin, D-W.Va., speaks during a Senate Committee on Energy and Natural Resources hearing on the nomination of Rep. Debra Haaland, D-N.M., to be Secretary of the Interior on Capitol Hill in Washington, Wednesday, Feb. 24, 2021. (Leigh Vogel/Pool via AP)

Two U.S. senators from states with declining manufacturing sectors are pushing to invest $8 billion through tax credits to create clean energy jobs.

U.S. Sens. Joe Manchin of West Virginia and Debbie Stabenow of Michigan unveiled legislation Monday that aims to help that have lost jobs in the coal and and fossil fuel industries.

The proposal is meant to incentivize companies producing batteries, electric and , semiconductor chips and other .

The two Democrats said it would aim to uplift Appalachia, where the decline of coal has devastated , and other parts of the country where manufacturing has declined. Half of the $8 billion would go to communities where coal mines have closed or coal power plants have shuttered. The other half would target the , Manchin said.

"This is basically what we need for people to make the investments so that people can have good jobs in the area where they want to live," Manchin said.

The bill is similar to a 2009 tax credit Stabenow authored to help the manufacturing sector recover from the Great Recession. She said the new proposal would help produce parts and technologies necessary for a clean energy supply chain.

Democratic senators propose clean energy tax credits
Sen. Debbie Stabenow, D-Mich., speaks with reporters as the Senate proceeds in a rare weekend session for final arguments in the second impeachment trial of former President Donald Trump, at the Capitol in Washington, Saturday, Feb. 13, 2021. (AP Photo/J. Scott Applewhite)

"We don't have to be counting on it coming from overseas. We don't have to have China doing the majority of the solar panels, or the majority of the batteries," she said in a Zoom news conference with Manchin. "We can do that here. And these are great paying jobs, they are union jobs."


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