Nick Loris was quoted by Anna Kramer and Shifra Dayak of NOTUS on the excise tax proposed in the reconciliation bill.
“An excise tax unnecessarily punishes the industry and will harm consumers and business and could kill otherwise viable projects,” said Nick Loris, a policy leader at conservative climate advocacy group C3 Solutions.
The excise tax poses three significant problems, according to an expert at conservative innovation advocacy group Clearpath. It will likely spike the price of existing solar and wind projects in the pipeline (which make up most of the new planned energy projects across the U.S.), freeze future investment in clean energy projects needed for the buildout of artificial intelligence infrastructure and open a door for Democrats to justify proposed taxes on fossil energy sources in the future.
Trump Already Won Gold Stopping Offshore Wind
In a piece for the Daily Caller, Nick Loris writes on offshore wind and how the administration’s stance on it