House GOP Budget Bill Threatens 830,000 US Clean Energy Jobs, Tax Credits

House Republicans are advancing a tax bill that would eliminate clean energy tax credits established under the Inflation Reduction Act of 2022, threatening significant job losses and investment setbacks across multiple states. This repeal endangers billions in private sector investments and could cost more than 830,000 jobs in construction, manufacturing, and clean energy production, particularly in Republican districts. Pennsylvania faces risks to its regional hydrogen hub projects, nuclear power initiatives, and related employment due to the removal of hydrogen and nuclear production tax credits. Similarly, South Dakota's growing renewable energy sector could lose critical tax incentives, potentially stalling advancements in solar, wind, hydro, hydrogen, and nuclear power development. The hydrogen industry nationwide, especially blue hydrogen production supported by the Section 45V tax credit, stands to lose capacity that supports over 62,000 jobs and billions in tax revenue, which could prompt delayed decarbonization efforts and push projects overseas. Advocates stress that these tax credits are essential for attracting investment and sustaining the nation’s transition to a more reliable, affordable, and cleaner energy system.