ACORE Statement on House Ways and Means’ Proposed Reconciliation Bill

The below is a statement from Ray Long, President and CEO of the American Council on Renewable Energy (ACORE) on the reconciliation bill text released by the House Ways and Means Committee:

“Energy dominance means a secure, affordable, reliable energy supply that serves as the basis for our national security, technological leadership, and economic prosperity. Achieving this is a bipartisan goal. The House Ways and Means Committee bill, if passed, would hamper these goals. The U.S. needs to build the equivalent of adding 12 New York Cities of new power by 2030 to remain competitive with China in the global AI race. Thanks to American innovation and a diverse mix of energy technologies, we’re on track to meet the coming demand.”

“ACORE’s latest report, “Tax Stability for Energy Dominance,” shows that current tax policies have created a stable market environment that unleashed $115 billion in new clean energy generation, supported over 3.5 million jobs, and powered a record 170 million homes in 2024. Maintaining certainty around the existing tax policies will lower energy costs, quickly scale the build out of reliable electricity, and enable of the use of all technologies so we aren’t vulnerable to relying on any one form of generation or its underlying fuel source.”

“Maintaining the policy structure that has enabled this growth in investment, manufacturing, jobs, and consumer savings will ensure U.S. dominance over our competitors. We are committed to working with Congress and the Trump administration to deliver affordable, reliable, and abundant power to American households and businesses. Only by partnering with the entire energy industry will policymakers drive economic growth, create jobs, and secure our nation's energy future.”

ACORE | http://www.acore.org