WASHINGTON (AP) — Treasury Secretary Janet Yellen is warning voters in the battleground state of North Carolina that they could lose jobs if Republicans weaken a signature Biden administration law that encourages investments in manufacturing and clean energy.
Yellen says that Republican-dominated states like North Carolina are greatly benefiting from tax incentives under the 2022 Inflation Reduction Act and that eliminating them would be a “historic mistake,” according to a draft of a speech she will give Thursday at a community college in Raleigh. The Treasury Department released the remarks ahead of the address.
North Carolina has emerged as a key battleground this election cycle between Republican former President Donald Trump and Democratic Vice President Kamala Harris, where Trump ultimately won North Carolina in the 2020 presidential election.
Yellen says Treasury data shows that 90,000 North Carolina households claimed more than $100 million in residential clean energy credits and $60 million in energy efficiency credits.
“Rolling them back could raise costs for working families at a moment when it’s imperative that we continue to take action to lower prices,” Yellen says in her speech. "It could jeopardize the significant investments in manufacturing we’re seeing here and across the country, along with the jobs that come with them, many of which don’t require a college degree. And it could give a leg-up to China and other countries that are also investing to compete in these critical industries."
“As we see clearly here in North Carolina, this would be a historic mistake,” she says.
Some Republicans have called on their leaders to reconsider repealing IRA energy tax incentives.
A group of 18 House Republicans in August called on House Speaker Mike Johnson to reconsider efforts to eliminate them.
“Prematurely repealing energy tax credits, particularly those which were used to justify investments that already broke ground, would undermine private investments and stop development that is already ongoing," the letter reads. "A full repeal would create a worst-case scenario where we would have spent billions of taxpayer dollars and received next to nothing in return."
But Rep. Chip Roy, R-Texas, tweeted on social media site X that the lawmakers who signed the letter want to “preserve so-called ‘green’ handouts to Democrats’ corporate cronies.”
“The GOP must ignore K-Street lobbyists and refuse to fund the climate corporate cronies destroying our country," he said.
The Republican case against the Inflation Reduction Act hinges on the argument that the spending is wasteful and benefits China.
IRS data released in August states that 3.4 million American families have claimed $8.4 billion in residential clean energy and home energy efficiency tax credits in 2023 — mostly towards solar panels and battery storage.
FILE - Treasury Secretary Janet Yellen speaks during a news conference in Philadelphia, July 30, 2024. (AP Photo/Matt Rourke, File)
NEW YORK (AP) — The 76th Primetime Emmy Awards are over, with “Shogun” claiming the top drama prize and “Hacks” winning best comedy.
The hosts, father-son duo Eugene and Dan Levy, opened the show Sunday night. They won Emmys at the 2020 awards for “Schitt’s Creek.”
“Shogun,” “The Bear” and “Baby Reindeer” were favorites going into the night. “Shogun” emerged with the top drama prize and “Baby Reindeer” snagged the limited series trophy. “Shogun″ extended its lead for most wins by a show in a single season, collecting 18 Emmys this year.
But “Hacks" emerged as the top comedy series, denying “The Bear” a comedy series repeat.
The Emmys are back in their traditional mid-September spot after a single strike-delayed edition in January.
The show began at 8 p.m., Eastern time, and is airing on ABC from the Peacock Theater in downtown Los Angeles.
Here's the latest:
“I’m blessed with all the people around me who helped me make it happen. I kind of just feel a bit overwhelmed right now. I wasn’t expecting this,” Richard Gadd said backstage after his three wins for “Baby Reindeer.” “I’m just so glad that the show has touched the lives of so many people, and the Academy have acknowledged it in this way. It’s the greatest night of my life. What can I say?”
Gadd also initially declined to answer a question about the $170 million defamation lawsuit Netflix is facing for the show, but then spoke to its impact. The lawsuit comes from the woman who claims to be the inspiration for the series, which is based off of Gadd’s life and experience with a woman who stalked him.
“It’s easy in this day and age to focus on the negatives,” he said before saying the show has driven some viewers to donate to sexual assault and stalking-focused charities and has done “phenomenal things worldwide for so many people.”
Hiroyuki Sanada is the first Japanese actor to win the Emmy for best actor in a drama.
“I am beyond honored to be here with amazing nominees,” he said. “‘Shogun’ taught me when we work together, we can make miracles. We can create a better future together.”
Sanada received a standing ovation from the crowd.
Anna Sawai is the first Japanese actor to win best actress in a drama. The actor, who is a first-time nominee, was tearful throughout her speech.
“I was crying before my name was announced. I’m a mess today,” she said.
“This to all the women who expect nothing and continue to be an example for everyone,” she added.
“Shogun” also won best drama series.
John Oliver, who won scripted variety series for "Last Week Tonight with John Oliver,'' said he was ‘honestly’ happy to get the cue to wrap up when he mentioned his dog during his acceptance speech.
“I’m not well versed in sincerity, as a British person and as a comedian, so I didn’t really want to get upset and thankfully, whoever was on that board, I think said, ‘You can’t carry this off’ and walked me straight into a joke. So, I’m very, very grateful that they gave me the parachute so I could avoid my feelings once more. But yeah, we had a great dog, and we had to say goodbye this week, and it’s brutal,” he said backstage.
In his acceptance, Oliver dedicated his Emmy to his recently deceased dog — and “all dogs.” He quarreled with the play-off music in a bleeped exchange.
Lamorne Morris, star of “Fargo,” is taking home his first Emmy award on his first nomination.
The “New Girl” star was clearly flustered as he accepted the award, saying he has a poster of fellow nominee Robert Downey Jr. in his house and asked him to sign it.
“My beautiful daughter, Lily. I love you. I told you I would do it. You’ve always doubted me,” he joked.
The breakout star from Netflix’s most recent season of “Bridgerton,” Nicola Coughlan added an Artists4Ceasefire red pin to her glittering off-the-shoulder gown. Coughlan has been outspoken in supporting Palestinians and calling for a cease-fire.
Actors across the award season have been wearing the Artists4Ceasefire red pin with a hand holding a heart to demand a cease-fire in Gaza and a release of the Israeli hostages.
Ahead of the premiere of the 50th season of “Saturday Night Live” on Sept. 28, cast members from the sketch show’s storied history have gathered for an unforgettable reunion.
Former members Kristen Wiig, Maya Rudolph and Seth Meyers joined current regular Bowen Yang onstage.
The segment leans into the January Emmys’ nostalgia-laden programming, which included Tina Fey and Amy Poehler presenting an award in the style of SNL’s famed “Weekend Update,” along with the casts of “Cheers,” “Martin” and other hit shows reuniting.
Jessica Gunning, who haunts as stalker Martha on “Baby Reindeer,” accepts the Emmy for her performance from a group of actors who have portrayed iconic villains in a fitting pairing. She got emotional as she thanked Richard Gadd, the star and creator of the series.
“I tried so many times to put into words what working on ‘Baby Reindeer’ meant to me and I fail every time,” she said. “It really means a lot. So, thank you, reindeer.”
“Today, a Republican vice president would never attack a woman for having kids. So, as they say, my work here is done,” Candice Bergen wryly said before presenting the lead actress in a comedy series award.
She was referring to her Murphy Brown character being attacked by then-Vice President Dan Quayle for being a single mom.
Her subsequent “meow” got a big laugh and applause from the audience, including Jon Stewart.
For more on this year’s Emmy Awards, visit: https://apnews.com/hub/emmy-awards
Richard Gadd accepts the award for outstanding lead actor in a limited or anthology series or movie for "Baby Reindeer" during the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Chris Pizzello)
Hiroyuki Sanada accepts the award for outstanding lead actor in a drama series for "Shogun" during the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Chris Pizzello)
Anna Sawai accepts the award for outstanding lead actress in a drama series for "Shogun" during the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Chris Pizzello)
Hosts Eugene Levy, left, and Dan Levy speak during the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Chris Pizzello)
