Harris Advocates for Domestic Minerals Production, Permitting Reform, and Climate Initiatives
Harris Supports Domestic Minerals Initiative
Laying out her economic agenda this week, Vice President Harris backed increasing domestic minerals production and creating a minerals stockpile. A press release from her campaign stated that it would invoke war-time authority under the Defense Production Act to build stronger mineral supply chains and reduce dependence on China.
Climate-Friendly Tax Credits for Key Industries
In a plan posted to her website, Harris emphasized an “America Forward tax credit” benefiting industries with potential to combat climate change. This tax credit will support projects aimed at reducing emissions from steel and iron production, developing sustainable materials, and expanding climate-friendly energy manufacturing.
- Support for the semiconductor industry
- Incentives for biotechnology and medicine
- Funding for data centers for AI
- Boosting the aerospace and automotive sectors
Accelerating Infrastructure Approval
Additonally, Harris asserted the importance of speeding up infrastructure approvals through “permitting reform” policies aimed at expediting the development of new energy projects.
- Streamlined approval for energy production
- Focused on lowering energy costs
- Balancing environmental reviews with project speed
The release of the plan comes as Harris prepares for a potential presidential run following President Biden's announcement not to seek reelection. Despite criticisms for earlier vague proposals, this plan details concrete strategies for an economic and ecological transition.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.