Senator Markey Blasts Proposed Ways and Means Committee Cuts That Would Raise Prices on Consumers and Businesses

Washington (May 12, 2025) - Senator Edward J. Markey (D-Mass.) a member of the Senate Environment and Public Works Committee, today released the following statement in response to the Republican majority of the House Ways and Means Committee’s plans to phase-out and terminate key clean energy tax incentives. Senator Markey’sOffshore Wind American Manufacturing Act, which provides tax incentives for offshore wind components and vessels, was included in theInflation Reduction Act.
“Republicans are willing to throw $420 billion in clean energy investments and 400,000 jobs in red and blue states down the drain,”said Senator Markey.“Solar and wind are the cheapest forms of energy right now and are critical to meeting our energy demands. Yet, Republicans are terminating tax incentives that are supercharging deployment of solar, wind, and batteries, lowering the costs of clean vehicles, and improving energy efficiency in homes and businesses.
“Republicans’ proposal to repeal federal clean energy incentives would be a disaster for our economy and good-paying jobs. Instead of the dawn of a clean energy future, this proposal sunsets my incentives for manufacturing wind energy components in America that would spur clean domestic manufacturing for industries such as offshore wind.Republicans seem committed to having America be the laggard, not the leader of the global clean energy economy, ceding jobs and progress to other countries like China.The Inflation Reduction Actis the single largest clean energy and climate investment in our history, and we will not let Trump, Big Oil, and Republicans roll back our gains and deny our communities and young people the chance at a livable future.”
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