Yellen Warns Repealing Clean Energy Tax Credits Will Raise Costs, Jeopardize Jobs

Treasury Secretary highlights the economic risks of ending Biden's energy incentives, particularly for states like North Carolina.

Yellen emphasized that rolling back tax credits could increase costs for working families and risk new manufacturing investments.
North Carolina has claimed over $160 million in residential clean energy and efficiency credits, benefiting 90,000 households.
The Inflation Reduction Act's incentives are seen as crucial for maintaining U.S. competitiveness against countries like China.
Some Republicans urge reconsideration of repealing the credits, warning it could undermine ongoing private investments.
Yellen's remarks come as North Carolina emerges as a key battleground in the upcoming presidential election.