- March 12, 2024
Senator Carper Emphasizes the Need to Create More American Manufacturing Jobs
Today, at the Senate Finance Committee hearing “American Made: Growing U.S. Manufacturing Through the Tax Code,” U.S. Senator Tom Carper (D-Del.) stressed the importance of continuing to grow the manufacturing industry in the United States, especially in the clean energy sector. During the hearing, Senator Carper emphasized the positive economic impacts of strengthening American supply chains to fuel job creation across the country and in Delaware.
Senator Carper highlighted the impact of the Inflation Reduction Act’s clean energy tax incentives in the manufacturing industry:
“Manufacturing is one of the largest sectors in Delaware’s economy. […] In the last couple of years, we’ve added about 2,000 new manufacturing jobs and we’re excited about that. In Delaware and across our country, clean energy has been at the forefront at the manufacturing boom […]. Without the right incentives to help American companies scale their production, demand for those clean energy technologies will go to the lowest cost producers in China.”
Senator Carper also stressed the importance of supporting the fuel cell industry and domestic supply chains by extending the Fuel Cell Investment Tax Credit. Senator Carper is the lead sponsor of legislation that would extend this credit for eight years:
“Over the last 15 years, Delaware has positioned itself as the leader in our country’s hydrogen and fuel cell manufacturing economy […] In order to sustain this growing industry, we need to extend the traditional fuel cell investment tax credit until green hydrogen is available at scale, and I’ve introduced bipartisan, bicameral legislation to do just that.”
A video of Senator Carper’s questions at today’s hearing can be found here.
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