Miller, Pfluger Send Letter to Sec. Yellen & Commissioner Werfel on Provisions to the IRA

WASHINGTON, D.C. – Congresswoman Carol Miller (R-WV) joined Congressman August Pfluger (R-TX) in leading a letter to Treasury Secretary Janet Yellen and IRS Commissioner Danny Werfel. The letter urges Secretary Yellen and Commissioner Werfel to revise provisions within the “Inflation Reduction Act” (IRA) that would avail the People’s Republic of China (PRC).
 

Click here to read the full letter.

 
“We write to you gravely concerned about implementation of certain provisions within the “Inflation Reduction Act” (IRA) that would directly benefit the People’s Republic of China (PRC). The IRA provides over $270 billion in tax credits for the wealthy and corporations, and in no case should these taxpayer dollars flow to a geopolitical adversary," began the lawmakers.
 
“It has come to our attention that the Department of Treasury and the Internal Revenue Service (IRS) are being pressured to draft guidance on the critical minerals and EV battery components requirements for Section 30D (Clean Vehicle Credit) of the Internal Revenue Code that would allow Chinese companies to benefit from U.S. taxpayer dollars,” lawmakers said in part.
 
As Treasury and the IRS develop guidance on critical minerals and EV battery components, the guidance must include an expansive and precise definition of a “foreign entity of concern” that sufficiently protects U.S. economic and national security interests without harming our allies,” lawmakers said in part.

“Guidance from Treasury and the IRS must include an unambiguous and expansive definition of “foreign entities of concern” to protect our U.S. economic and national security. We cannot allow malign actors to access U.S. taxpayer funds or undermine our national security. We look forward to your response and collaborating with your office to jointly strengthen our national and economic security," concluded the lawmakers.

The letter has been signed by the following members:
Rep. Carol Miller (R-WV)
Rep. August Pfluger (R-TX)
Rep. Neal P. Dunn, M.D. (R-FL)
Rep. Blake D. Moore (R-UT)
Rep. Kat Cammack (R-FL)
Rep. Nicole Malliotakis (R-NY)
Rep. John R. Curtis (R-UT)
Rep. Larry Bucshon, M.D. (R-IN)
Rep. Greg Pence (R-IN)
Rep. Mike Carey (R-OH)
Rep. Robert E. Latta (R-OH)
 

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