Congressional lawmakers aren’t slowing down their fierce advocacy of the administration around the implementation of Inflation Reduction Act tax credits — and that includes members of President Joe Biden’s own party.
In a letter Monday, 10 House Democrats voiced strong criticism of how the Treasury Department wants to give out the domestic content bonus tax credit for solar manufacturing.
a letter
The Democrats believe proposed guidance, released last spring, is too lax in allowing companies that use components from China to qualify for the credit. Instead, they believe the administration should account for the source of each component and critical mineral used in a panel.
released last spring
“Treasury’s current guidance is the equivalent of claiming an apple pie is American if the pie is baked in the U.S., but the apples and all other ingredients are from China,” the lawmakers wrote.