Daines Calls Biden-Harris Regulation Affecting Mining “Cynical and Desperate Attempt to Get Votes Before Election”

• October 24, 2024

"If Biden and Harris were serious about helping our miners, they would have reversed their anti-mining policies years ago."

U.S. Senator Steve Daines today released the following statement after the U.S. Department of the Treasury issued new guidance for the Advanced Manufacturing Production Credit (45X). Last month, following the layoff of 700 employees at Stillwater Mine, Daines called on the Treasury to reverse course on their anti-mining draft guidance and include extraction costs in the tax credit. Despite making minor changes the Department of the Treasury failed to adequately ensure all mining is allowed or put restrictions in place to ensure that Foreign Entities of Concern like China or Russia are not able to benefit from the tax credit.

Download the video statement HERE.

"The Biden-Harris administration's pursuit of a radical environmental agenda caused 700 hard-working miners at Montana's Stillwater mine to be laid off. This is heartbreaking. Even worse, Biden and Harris have had years to fix this problem and refused. While this announcement is a positive step, it falls short of putting American miners before foreign suppliers and has every appearance of a cynical and desperate political attempt to get votes right before the election. Montana's mining families will see through it. If Biden and Harris were serious about helping our miners they would have reversed their anti-mining policies years ago."