Southern West Virginia News

Washington, D.C. – Congresswoman Carol Miller (R-WV) raised concerns during a Ways and Means Committee hearing with Department of Treasury Secretary Janet Yellen regarding Energy Tax Credit guidelines and the Biden Administration's plans to raise taxes on Americans.

"I am deeply concerned about many of the actions that the Treasury Department and President Biden’s Administration are taking," expressed Congresswoman Miller, highlighting the impact of inflation, higher interest rates, and lower purchasing power on Americans. She criticized the weak Foreign Entity of Concern definitions that risk sending American tax dollars to Chinese companies and the hindrance faced by traditional energy communities in participating in the future energy economy.

Furthermore, Congresswoman Miller emphasized the need to address the reliance of domestic industries on Chinese technologies and investments. She introduced bills aimed at improving tax credit definitions to prevent Chinese entities from receiving American tax dollars.

During the hearing, Congresswoman Miller directly questioned Secretary Yellen about the Administration's stance on taxpayer dollars funding Chinese entities. Secretary Yellen responded by mentioning restrictions on foreign entities in the production of components for electric vehicles, emphasizing the aim to protect the U.S. supply chain.

Congresswoman Miller expressed skepticism towards the Administration's decisions and urged the swift passage of her bills to safeguard U.S. manufacturing.

The exchange between Congresswoman Miller and Secretary Yellen highlighted the ongoing debate over energy tax credit guidelines and the potential implications of tax policies on American industries.