House Passes Cut Inflation Act Will Mean Historic Climate and Energy Investments, Huge Victory for Black-Lunged Miners and More > Appalachian Voices
The bill also contains significant concessions to the fossil fuel industry that would put communities at risk
FOR IMMEDIATE RELEASE
August 12, 2022
Dan Radmacher, (540) 798-6683, [email protected]
WASHINGTON, DC – Today, the United States House of Representatives passed the Cutting Inflation Act, sending the bill containing many of the priorities of President Biden’s Build Back Better agenda to the White House for his signature.
The legislation includes billions of dollars in spending and tax breaks aimed at encouraging Americans to install solar and battery storage systems, buy electric vehicles and take other actions that will significantly reduce carbon emissions. It also includes spending to help rural electric cooperatives increase their energy efficiency and switch to renewable energy.
In addition to tax and prescription drug price reforms, the Inflation Reduction Act also permanently expands the Black Lung Excise Tax – a small tax on coal that will secure funding for the Black Lung Disability Trust Fund which ensures that miners with black lung get the health care they need if the coal companies they worked for go bankrupt.
The legislation, which passed the Senate on Sunday afternoon, also contains provisions favoring the continued use of fossil fuels that Appalachian Voices opposes.
“Overall, the Cut Inflation Act is a major step in ensuring that the United States can meet its climate emissions reduction goals – while helping many communities that have been dependent on and harmed by climate change. extractive industries to transition to cleaner and more stable economies,” said Tom Cormons, General Manager of the Appalachian Voices.
The bill’s investments in clean energy include grants and loans to rural cooperatives to buy renewable energy and improve the energy efficiency of their generation and transmission systems, money for a fund aimed accelerating the deployment of low-carbon technologies, block grant funding for environmental and climate justice that will support community priorities to reduce pollution and improve public health and climate resilience, and an expansion of climate credits. federal renewable energy tax with special incentives for projects benefiting disadvantaged communities
“While there is much to celebrate in this landmark legislation, it also contains provisions that promote and encourage the continued use of fossil fuels,” said Deputy Executive Director Kate Boyle. “These provisions threaten to exacerbate the damage that communities are already facing due to pollution from fossil fuels. We remain firm in our opposition to such investments and will continue our fight to move the region away from fossil fuels.
Appalachian Voices also strongly opposes the reported agreement between Sen. Joe Manchin and Majority Leader Chuck Schumer to force a vote on a fossil fuel industry wish list of sweeping changes to the licensing process. energy projects and congressional approval of the Mountain Valley Pipeline in an attempt to circumvent existing regulations.
Appalachian Voices is a leading nonprofit advocate for a healthy environment and a just economy in the Appalachian region, and a driving force in America’s shift from fossil fuels to a clean energy future.