Four Republican senators are asking Congressional leadership to preserve energy tax credits included in the Biden-era Inflation Reduction Act in the impending budget reconciliation bill, according to a letter circulated on April 10.
In the April 9 letter to Senate Majority Leader John Thune, the four senators said repealing the tax credits would disrupt investment and harm businesses and jobs.
"Our country is blessed with abundant natural resources and an entrepreneurial spirit that uniquely positions us to power both our economy and the world—enabling U.S. leadership in innovation, energy production, and manufacturing alike," the letter said. "Many of the investments that make this possible are enabled by current tax provisions, including some from the Inflation Reduction Act."
The letter was signed by Senators Lisa Murkowski of Alaska, John Curtis of Utah, Jerry Moran of Kansas and Thom Tillis of North Carolina.
The letter came a month after a similar letter by 21 Republicans in the U.S. House of Representatives urged Congressional leaders and the White House to protect certain clean energy tax credits, despite President Donald Trump's pledge to repeal the IRA's climate-related measures.
The House passed a budget plan on April 10 that will allow it to bypass Democratic opposition and pass tax cut legislation along party lines later this year. But lawmakers must still hammer out the details of how to pay for $5 trillion in tax cuts.
"We believe the final reconciliation bill can support smart policies that enable private sector investment in domestic energy to help meet future U.S. energy needs and strengthen the global competitiveness of American companies," the letter said.
Recommended Reading
Venture Global Asks FERC to Open Next Plaquemines LNG Block
2025-03-03 - The additional train start-up of Venture Global’s Plaquemines LNG facility would bring the overall project halfway to completion.
Court Rejects Activists’ Protest of Woodside LNG Pipeline Project
2025-03-31 - Woodside Energy Group prevailed against environmental groups’ arguments to stop a pipeline to Louisiana LNG in a case that originated before the Australian company bought the project.
Williams Starts Work on Overthrust Pipeline Expansion
2025-03-03 - The extra capacity from the MountainWest Overthrust Pipeline expansion project will help deliver natural gas to the West Coast.
US Tariffs on Canada, Mexico Hit an Interconnected Crude System
2025-03-04 - Canadian producers and U.S. refiners are likely to continue at current business levels despite a brewing trade war, analysts say.
CEO: TotalEnergies to Expand US LNG Investment Over Next Decade
2025-02-06 - TotalEnergies' investments could include expansion projects at its Cameron LNG and Rio Grande LNG facilities on the Gulf of Mexico, CEO Patrick Pouyanne said.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.