The United Steelworkers (USW) today lauded Congressman Phil Hare’s (D-IL) introduction of the “Security in Energy and Manufacturing Act of 2010” (SEAM Act.) Hare’s SEAM Act aims to provide greater opportunity to create good clean and green manufacturing jobs in the United States. It makes available $5 billion in tax credits or grants to companies manufacturing goods and components in the United States that are used in alternative energy projects, such as wind farms, nuclear power plants and solar generation plants.
The SEAM Act builds upon the leadership provided by President Obama in establishing the advanced energy manufacturing tax credit (Section 48c of the IRS) in the American Recovery and Reinvestment Act to encourage a clean and green domestic manufacturing supply chain for alternative energy projects as the nation transitions to energy independence. Section 48c provides for a 30% tax credit for investments in new, expanded or re-equipped clean energy manufacturing ... more