Utah could lose thousands of energy-related jobs, depending on what happens with the massive reconciliation bill making its way through Congress. A report found that the tax bill being considered by lawmakers could eliminate 330,000 industry jobs by 2028, including 2,700 in Utah, Cami Mondeaux reported. Why would the jobs be eliminated? The jobs come from the previously passed Biden administration’s Inflation Reduction Act, which provided clean energy tax credits. The GOP-led reconciliation bill is considering repealing those clean energy tax credits. “Lost jobs in every single state are a recipe for disaster for American families, businesses, and the U.S. economy,” said SEIA president Abigail Ross Hopper in a statement. “Axing energy jobs means shuttered U.S. factories, canceled local investments, and energy shortfalls nationwide. We hope that U.S. senators won’t let their constituents lose their livelihoods on their watch,” Hopper said. Utah senator reactions Sen. John Curtis is among those pushing to preserve some of those policies and incentives. “We must build a thoughtful, principled bill that doesn’t pull the rug out from under American innovators,” a spokesperson for Curtis told the Deseret News. “Doing otherwise risks freezing investment, delaying domestic production, increasing costs, and forfeiting our energy edge and national security to China and Russia.” While his counterpart Sen. Mike Lee has pushed to repeal all green energy tax credits passed under the Inflation Reduction Act. “The government shouldn’t use the tax code to pick winners and losers in the marketplace: Americans should choose what works for them,” Lee told the Deseret News. “Right now, we’re crafting a reconciliation bill that will create tens of thousands of jobs, while ensuring Utah families have reliable, affordable, and abundant energy.” Read more about the clean energy tax credit repeals. |