On the recordAugust 12, 2022
The Inflation Reduction Act represents the biggest climate action in history and rightfully boosts offshore wind production to meet our renewable energy goals. First, the bill provides a $10 billion investment tax credit for clean energy manufacturing facilities. This will benefit wind turbine manufacturers, propelling a nascent industry that will create jobs and clean energy both in Massachusetts and across the country. Further, the bill provides additional tax support to manufacturing projects located in energy communities, including those that previously housed coal power plants, like Brayton Point in my district. Offshore wind farms that connect to wholesale electric grids in such communities should be eligible for this additional support, as well, to maximize these credits' impact. The Inflation Reduction Act is a generational step forward in taking on Big Oil and Gas and driving our Nation toward a clean energy future. Mr. Speaker, I urge the House to join me in passing this bill.





