Statement by the National Electrical Contractors Association on the Passage of the Cut Inflation Act 2022

0

WASHINGTON, August 12, 2022 /PRNewswire/ — The National Electrical Contractors Association (NECA) applauds Congress for passing the Inflation Reduction Act of 2022. NECA worked closely on this legislation to ensure that the original ‘Build Back Better’ legislation would realize critical investments in clean energy opportunities for NECA entrepreneurs without increasing the tax burden.

The Inflation Reduction Actas negotiated by Senator Manchin and Majority Leader Schumer, will invest more than $369 billion in the production and manufacture of domestic energy. The investment will provide NECA entrepreneurs with new opportunities to modernize our energy portfolio and create well-paying jobs across America. Additionally, this legislation provides strong labor protections, including mandating prevailing wage rates and using only apprentices from registered apprenticeship programs.

“NECA contractors are ready to work with their partners to build America’s new clean energy industry,” said David Long, CEO of NECA. “I would like to commend Senator Manchin, Senator Sinema and members of Congress for their due diligence in negotiating a bill to make significant investments in American home energy without raising taxes on our contractors. .”

The National Electrical Contractors Association (NECA) is a national trade association and the leading voice of the $202 billion electrical industry that brings electricity, light, and communications technology to buildings and communities across the United States NECA collectively represents more than 4,000 electrical contractor members served by 118 local chapters across the country. NECA employs a unionized workforce with collectively negotiated contracts with the International Brotherhood of Electrical Workers (IBEW).

SOURCE National Association of Electrical Contractors

Share.

Comments are closed.