Manchin unveils tax credit measure aimed at new or revitalized manufacturing plants

Source: WTOV 9 Fox News

March 1, 2021

A tax credit meant to ease the way from job losses in coal mining and manufacturing into making goods for the green economy was unveiled Monday by Senator Joe Manchin (D).

Joining Manchin in announcing the American jobs in Energy Manufacturing Act of 2021 was Michigan Senator Debbie Stabenow (D). They said the tax credit would encourage up to $8 billion in new or revitalized manufacturing plants. It’s got endorsements including the United Steelworkers, the United Mine Workers, Ford and GM, among others.

“A lot of the people that have basically built America whether the coal that we mine, that made the steel and all the ingredients to make the cars and all the hardworking people that really built America,” Manchin said. “They would love to stay in their home areas if they could. And the transition goes on and transitions are happening in the energy field as we talk and in the automotive industry also. We want to make sure there is an opportunity.”

Locally, Brooke, Hancock, Ohio, Marshall and Wetzel counties haver areas that qualify for the Coal Communities Program.

Written by: Paul Giannamore