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House Ways & Means Chairman Cites CPA Study on China’s Inflation Reduction Act Benefits

Chairman Smith also said that the IRA allowed companies, namely large electric utility companies, to use its tax breaks to pay for solar products imported from SE Asia. Almost all of the Southeast Asian solar exporters are Chinese multinationals, including JA Solar and Longii, both of which are setting up shop in Arizona and Ohio, respectively, to take advantage of manufacturing tax credits for solar producers.

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