Larson, Ways and Means Democrats Introduce Tax Incentives to Tackle Climate Change

Washington, D.C. – Today, Rep. John B. Larson (CT-01) joined House Ways and Means Subcommittee on Select Revenue Measures Chairman Mike Thompson (CA-05) and other Committee Democrats in introducing the Growing Renewable Energy and Efficiency Now (GREEN) Act. This bill would extend and expand current federal tax provisions that have been proven successful in the deployment of clean energy technologies. It would also create new tax incentives for critical and emerging technologies such as energy storage and offshore wind that will spur further innovation and investment in green energy and efficiency.

"We need to address climate change now, we cannot wait. I'm proud to join Chairman Thompson and fellow Democrats on the Ways and Means Committee in introducing these important green energy tax incentives. The GREEN Act will make it possible for more Americans to afford electric vehicles and lower their home energy costs. It will incentivize domestic manufacturing and clean energy jobs – including ensuring that Connecticut's fuel cell industry can continue to make groundbreaking clean energy advancements," said Larson. "Bold policies like the GREEN Act are what is needed to solve the climate crisis."

A full summary and bill text can be found here.

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