House Republicans Advance Budget to Take Away Jobs and Raise Costs

Washington, D.C. - Today, Republicans on the House Ways and Means Committee advanced their partisan budget reconciliation proposal, which included drastic cuts to clean energy, clean vehicles, and manufacturing project tax credits in the Inflation Reduction Act to fund tax breaks for Trump and his billionaire friends.

Since its passage in 2022, the Inflation Reduction Act's clean energy tax credits have bolstered projects that reduce pollution, lower costs, and improve public health.The tax credits also paved the way for a historic manufacturing boomin the U.S., with energy companies investing $89 billion-a 305 percent increase from pre-IRA investments-in the sector.

The tax credits have also already helped create 312,000 jobsin the clean energy sector, and are estimated to create 1.7 millionjobs in the next decade. These jobs are being added in every state in the country, spanning across party lines. In the Committee Chairman Jason Smith's home state of Missouri, IRA clean energy credits have already created 7,000 jobs, and has the potential to create more than 25,000 jobs by 2030. In Speaker Johnson's home state, the tax credits could add over 10,000 jobs to Louisiana's economy by 2030.

The proposal also includes ending tax credits for clean energy home improvements, support for advanced manufacturing, and tax credits that boost domestic production and lower the cost of new and used electric vehicles.

In response, Sierra Club Director of Climate Policy Patrick Drupp issued the following statement:

"The Republicans on the House Ways and Means Committee just voted to take money directly out of hardworking Americans' pockets. It's insulting that instead of working to deliver lower prices and more jobs for the people they represent, these representatives are prioritizing tax cuts for billionaires, killing stable jobs, and selling out everyday Americans.

"If House Republicans are actually interested in serving the people they represent, they should think twice before slashing hundreds of thousands of jobs across the country and raising energy costs all to score cheap political points and reward the fossil fuel industry that is destroying communities and our environment."

About the Sierra Club

The Sierra Club is America's largest and most influential grassroots environmental organization, with millions of members and supporters. In addition to protecting every person's right to get outdoors and access the healing power of nature, the Sierra Club works to promote clean energy, safeguard the health of our communities, protect wildlife, and preserve our remaining wild places through grassroots activism, public education, lobbying, and legal action. For more information, visit www.sierraclub.org.