Senate Majority Leader Chuck Schumer, D-N.Y., arrives to meet with reporters after a bill designed to encourage more semiconductor companies to build chip plants in the United States passed the Senate, at the Capitol in Washington, July 27, 2022. U.S. Democrats Sen. Chuck Schumer and Sen. Joe Manchin have agreed to propose doing away with a tax-credit plan that favoured American-made electric vehicles.
The legislation is still a long way from passing — it's sure to infuriate Senate Republicans, who will be reluctant to give Democrats a legislative win with midterm elections looming in November. Canada has been "relentless" in its efforts to convince Congress and the White House to abandon a plan "that discriminates against Canada and fractures the highly successful integration of our auto sector," Hillman said.Just two weeks ago, Schumer and the inflation-and-China-wary Manchin appeared at an impasse over Biden's climate and health care spending bill, a shrunken version of the ambitious $2-trillion social spending endeavour known as Build Back Better.
"The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 per cent by 2030." "This is a great example of how to elevate critical bilateral issues with the Americans and deliver results by focusing on solutions that benefit them," said Flavio Volpe, president of the Toronto-based Auto Parts Manufacturers' Association.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »