Senator Joe Manchin Takes on the Treasury Over Clean Energy Tax Credits

U.S. Senator Joe Manchin is urging American companies to sue the Treasury Department over revised content rules for clean energy tax credits under the Inflation Reduction Act. During a Senate hearing, Manchin argued that the changes damage U.S. manufacturers, offering to support the lawsuits with an amicus brief.


Reuters | Washington DC | Updated: 05-06-2024 01:33 IST | Created: 05-06-2024 01:33 IST
Senator Joe Manchin Takes on the Treasury Over Clean Energy Tax Credits
Joe Manchin
  • Country:
  • United States

U.S. Senator Joe Manchin on Tuesday said he was urging U.S. companies to sue the Treasury Department over the local content rules it has set for companies to receive clean energy tax credits under the Inflation Reduction Act (IRA). Manchin told U.S. Treasury Secretary Janet Yellen during a hearing of the Senate Appropriations Committee that U.S. manufacturers were being damaged by the content rules, which he said Treasury had halved from the original language in the law.

"I'm encouraging every manufacturer to sue you, and I will do the amicus brief on (their) behalf .... and you'll lose every suit," he said, holding up posters comparing the content requirements included in the legislation with those set in final rules by Treasury, which is implementing the IRA.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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