The U.S. Department of the Treasury and the IRS have released final rules for the Advanced Manufacturing Production Credit, also known as Section 45X of the Internal Revenue Code, to spur continued growth of U.S. clean energy manufacturing.
The credit aims to help to level the playing field for U.S. companies to onshore production of critical clean energy technologies like solar and wind components, batteries and energy storage and critical minerals.
In particular, the final rules will accelerate the buildout of domestic critical mineral supply chains by allowing taxpayers to include materials costs and extraction costs in production costs for applicable minerals and electrode active materials, provided certain conditions are met.
“The Biden-Harris Administration’s economic agenda is driving a manufacturing boom across the country that I’ve seen first-hand in North Carolina, Kentucky and Georgia,” says U.S. Secretary of the Treasury Janet L. Yellen.
“These investments are creating good-paying jobs, strengthening U.S. supply chains and lowering costs for American consumers and businesses. The final rules announced today will help companies continue to invest and innovate in the United States as we build out our clean energy economy.”
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Treasury Releases Final Rules Backing U.S. Solar Manufacturing
What we have here in the United States, in terms of money in politics, is a full-on disease. Tax cuts for billionaires, corruption and the uber-rich’s ownership of our lawmaking processes, the destruction of our educational system, institutionalized racism, the rejection of science, limited access to healthcare, and devastation of the natural environment are all heading this nation to a horrible end.
Is there hope? Many young and energetic people believe there is.
Is It Healthy for Our Country to Allow Billionaires to Own Congress?
About 40 years ago, I used to lie in bed on Sunday mornings with my coffee and Los Angeles Times opened to the real estate section: “Homes in Other States.” I recall voicing some level of buyer’s remorse, having just paid more for a who-cares house in Southern California, where I could have bought half a county in Oklahoma or Mississippi.
My girlfriend at the time, now my wife, would ask me, “But do you think you’d be happy living in West Virginia, with some of the most poorly-educated people in the country? Do you think that would forward your career and your overall life satisfaction?” She had a point, to be sure.
Today’s MAGA conspiracy theorists will tell you that people are leaving California in droves, because of things like environmental regulations. Yet that doesn’t explain why the Golden State, if it were a country, would have the fourth largest economy on the planet, and a house here identical to one in Alabama whose value there may be $200K would fetch about $1.2 million here.
People don’t come here for the wide-open freeways. We’re here for the beauty, the sophistication of so many people, highly educated people, and unparalleled business opportunities.
There’s a reason that Google, Oracle, Apple, Nvidia, Adobe, Salesforce, Facebook, Visa, Wells Fargo, Disney, etc. aren’t located in Arkansas or Louisiana.
At left we have John Fetterman talking to people so stupid they’ll believe that it would have been wrong for the British colonists to oppose King George III in the late 18th Century, or for the people of Germany and Italy in the 1930s to stand up against Hitler and Mussolini. What about the people in today’s dictatorships, i.e., the people in Russia, China, North Korea, or any of the other 50+ authoritarian regimes around the world?
Morons tend to agree with the loudest, most aggressive voice of nationalism, regardless of how little sense it makes.
It’s a great moment of opportunity for Fetterman.
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