Select Inflation Reduction Tax Credits—Sections 45X, 30D, 48C, 48E, and 45Y—have been instrumental in supporting domestic manufacturing, mineral processing, and resilient power generation. These targeted, strategic credits are—and have been—critical to safeguarding U.S. national and economic security and reducing dependence on foreign adversaries.
As the House Ways and Means Committee, and Congress, deliberate on the future of these credits, SAFE believes that repealing these incentives without a strong replacement risks deepening U.S. dependence on adversarial supply chains.
It is essential to maintain tools that support U.S. economic competitiveness and national security, and SAFE’s latest one-pager dives into the benefits and mission of each IRA tax credit—laying out the downfalls and unexpected consequences of repeal.
