Murkowski, Curtis, Tillis, and Moran Express Support for Energy Tax Credits
Washington, D.C. – In a letter last night to United States Senate Majority Leader John Thune (R-SD), Senators Lisa Murkowski (R-AK), John Curtis (R-UT), Thom Tillis (R-FL), and Jerry Moran (R-KS) expressed their support for maintaining a stable and predictable tax framework in the interest of promoting domestic energy development.
“The United States produces some of the cleanest and most efficient energy in the world, and an all-of-the-above approach—including support for traditional and renewable energy sources—has long been a hallmark of our energy strategy,” the Senators wrote. “To that end, many American companies have made substantial investments in domestic energy production and infrastructure based on the current energy tax framework. A wholesale repeal, or the termination of certain individual credits, would create uncertainty, jeopardizing capital allocation, long-term project planning, and job creation in the energy sector and across our broader economy.”
The full text of the letter be found here and below.
The Honorable John Thune
Majority Leader
United States Capitol Washington, DC 20515
Dear Majority Leader Thune:
As Republicans committed to strengthening America’s energy security and economic growth, we write to emphasize the importance of maintaining a stable and predictable tax framework to promote domestic energy development. While we support fiscal responsibility and prudent efforts to streamline the tax code, we caution against the full-scale repeal of current credits, which could lead to significant disruptions for the American people and weaken our position as a global energy leader.
Our country is blessed with abundant natural resources and an entrepreneurial spirit that uniquely positions us to power both our economy and the world—enabling U.S. leadership in innovation, energy production, and manufacturing alike. Many of the investments that make this possible are enabled by current tax provisions, including some from the Inflation Reduction Act.
As our discussions on budget reconciliation continue, we urge you to consider each existing tax credit for its ability to: (1) spur new domestic manufacturing and investment; (2) reduce utility bills for consumers, especially in rural remote communities; and (3) ensure certainty for businesses that have already made meaningful U.S. investments based on the current credit structure.
The United States produces some of the cleanest and most efficient energy in the world, and an all-of-the-above approach—including support for traditional and renewable energy sources—has long been a hallmark of our energy strategy. To that end, many American companies have made substantial investments in domestic energy production and infrastructure based on the current energy tax framework. A wholesale repeal, or the termination of certain individual credits, would create uncertainty, jeopardizing capital allocation, long-term project planning, and job creation in the energy sector and across our broader economy.
Given rising energy demand, it is imperative that any modifications to the tax code avoid worsening the economic pressures that American households and businesses already face. For energy credits that provide a direct passthrough benefit to ratepayers, repeals would translate into immediate utility bill increases, placing additional strain on hardworking Americans.
Furthermore, as the Trump Administration continues its efforts to restore manufacturing and secure supply chains, maintaining a reliable energy tax environment is essential to attracting long-term investment, particularly in states that offer business-friendly climates. Repealing incentives that support energy development would undermine these objectives, slowing economic progress and job creation in key industries.
At the same time, we acknowledge there are necessary reforms to be made within our tax system to ensure efficiency, accountability, fiscal sustainability, and implementation that follows the rule of law. We urge a targeted, pragmatic approach that balances these priorities without undercutting current and future private-sector investments that are vital to domestic manufacturing, energy innovation, and affordability for American families.
As discussions on tax policy continue, we stand ready to work with you to identify waste, fraud, abuse, and necessary reforms. We believe the final reconciliation bill can support smart policies that enable private sector investment in domestic energy to help meet future U.S. energy needs and strengthen the global competitiveness of American companies. We appreciate your leadership and look forward to collaborating on policies that support our shared goals of energy security, economic competitiveness, and responsible fiscal stewardship.
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