Yellen says ending Biden tax incentives would be 'historic mistake' for states like North Carolina

Yellen says ending Biden tax incentives would be 'historic mistake' for states like North Carolina

on Thursday
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https://apnews.com/article/yellen-north-carolina-ira-green-energy-8b3d50f80aeb8740eb90a4f39337996d

WASHINGTON (AP) — Treasury Secretary Janet Yellen is warning voters in the battleground state of North Carolina that they could lose jobs if Republicans weaken a signature Biden administration law that encourages investments in manufacturing and clean energy.

Yellen says that Republican-dominated states like North Carolina are greatly benefiting from tax incentives under the 2022 Inflation Reduction Act and that eliminating them would be a “historic mistake,” according to a draft of a speech she will give Thursday at a community college in Raleigh. The Treasury Department released the remarks ahead of the address.