Manchin opposing energy payments seen blunting value of tax credits

Senator Joe Manchin’s opposition to giving clean-energy developers direct payments may significantly reduce the tax credits they could get from Democrats’ reconciliation package, according to analysts. The West Virginia Democrat is opposed to making the credits refundable, the so-called direct-pay option that would let developers avoid undertaking complicated tax-equity financing, according to two people familiar … Read more

Manchin says EV tax credit bonus is gone from spending bill

Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor that was opposed by Senator Joe Manchin as they seek to wrap up negotiations on a spending deal. “It’s gone,” Manchin said in an interview at the Capitol Tuesday. The Build Back Better legislation passed last year in … Read more

Cast of characters in economic development projects need good direction

I recently attended a theatrical production that involved 80 actors under the age of 18. You can imagine some of the challenges that had to be surmounted along the way — competing interests, talents and attention spans. But with the help of a dedicated director, the performance was a success. Successful economic credits and incentives … Read more