Joe Manchin Says ‘Horrible’ Hydrogen Tax Credit Rules Coming Next Week
- US Treasury’s long-awaited guidance is expected next week
- Manchin says rules will make credit hard to use, vows to fight
Joe Manchin
Photographer: Al Drago/BloombergThis article is for subscribers only.
High-stakes Treasury Department guidance for claiming hydrogen production tax credits under US President Joe Biden’s climate law has drawn the ire of Senator Joe Manchin, who said the “horrible” rules will make it too hard to qualify.
The rules, which Manchin said are expected to be issued next week, have been the subject of intense lobbying and deliberations across the Biden administration amid a fight over what sources of power can fuel the energy-intensive hydrogen production process.