Some of the biggest trade associations and lobbying groups representing key sectors of American manufacturing are lining up to defend Biden-era incentives, as Republicans eye potential rollbacks to climate law spending.
Ten organizations sent a letter to House Speaker Mike Johnson (R-La.) and Senate Majority Leader John Thune (R-S.D.) on Wednesday asking them to preserve a $10 billion credit — known as 48C for its place in the tax code — and a $6.3 billion Industrial Demonstrations Program from both the IRA and the bipartisan infrastructure law.
“These incentives are encouraging manufacturers and private financiers to make unprecedented investments in American communities,” the groups wrote. “The benefits are clear: American companies are better equipped to compete internationally.”
The letter was signed by the American Chemistry Council and the National Electrical Manufacturers Association — both the largest trade associations in their respective fields — among other lobbying interests.
