Bipartisan Bill Seeks to Exclude Chinese Firms from US Solar Tax Credits
New legislation aims to bolster domestic solar manufacturing by restricting subsidies to American companies only.
- The bill is spearheaded by Democratic Senator Sherrod Brown and co-sponsored by bipartisan lawmakers.
- It targets the 45X advanced manufacturing tax credit revived by the Inflation Reduction Act.
- The legislation addresses concerns over Chinese firms dominating the US solar market and undermining local manufacturers.
- Supporters argue the move will create jobs and strengthen the US industrial base.
- Critics claim the bill could hinder economic benefits from foreign investments in US factories.
Denver Gazette 
Financial Post 
