POLITICO Energy Why Sen. Heinrich thinks the GOP’s reconciliation package will cost them at the ballot box
Jun 11, 2025
Senator Martin Heinrich, representing New Mexico, discusses the political implications of the GOP’s reconciliation package and its potential fallout at the ballot box. He explores how this package could alienate voters by increasing energy costs. Heinrich emphasizes the need for Democrats to reshape the narrative surrounding oil and gas, and he addresses the challenges of permitting reform. The conversation also touches on the future of FERC and the importance of reliable energy policies amidst the evolving landscape of clean energy and traditional fossil fuels.
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Political Risk of GOP Rollbacks
- Republicans' rollback of tax credits will likely increase energy prices due to constrained supply and rising demand.
- This move could politically backfire on Republicans as voters face higher utility bills.
New Mexico's Clean Energy Boom
- New Mexico has seen robust job growth and manufacturing investment from the Inflation Reduction Act.
- Skilled trades like welding and electrical work are in high demand due to renewable and transmission projects.
Make Tax Credits Workable
- To fix the reconciliation bill, switch tax credit eligibility from "placed in service" to "start of construction".
- Make rules workable for businesses to ensure projects are financeable and viable.