Cummins Inc. Chairman and CEO Tom Linebarger were in Washington, D.C. speaking at a White House event focused on the Build Back Better Act. He joined President Joe Biden and several other business CEOs. Linebarger was one of three CEOs to have a speaking role during the formal press portion.
During his public and private discussions with President Biden and the other business leaders, Linebarger voiced his support for advancing the Build Back Better Act because of its provisions that address climate change, provide tax credits for hydrogen production, and other provisions that drive job creation and enhance American competitiveness.
climate change provisions
“I support the climate change provisions in the Build Back Better Act and encourage Congress to pass the legislation," said Linebarger.
Decarbonization investments in the Build Back Better Act are critical to the adoption of innovations"
“The path to a decarbonized and sustainable future requires the engagement of everyone – government, businesses of all sizes, as well as communities and individuals. The decarbonization investments in the Build Back Better Act are critical to accelerating the adoption of innovations that can reduce emissions across the United States and set us on a path to a more sustainable future.”
reduce emissions
“Our success implementing technologies to reduce emissions in response to the Clean Air Act is exactly what we need to do now,” Linebarger added. “While it was extremely challenging, Cummins moved first and began investing in the necessary technologies and solutions to meet the regulations and by acting quickly, we established a leadership position and created significant jobs and growth for our company."
"We now sell these products and technologies that we developed in the United States all over the world. Decarbonization is similar and it’s going to happen globally. The United States has the opportunity to lead if we invest in the technologies and infrastructure now. If we act now, it is certain to create great American jobs and fuel U.S economic growth, but it’s imperative we do more now, together and faster.”
hydrogen economy
Linebarger is encouraged by the tax credits for clean commercial vehicles, and the charging and fueling infrastructure
Linebarger shared that he is encouraged by the tax credits for clean commercial vehicles, and the accompanying charging and fueling infrastructure needed to serve them, the new hydrogen production tax credit, which will support the development of a U.S. hydrogen economy that is globally competitive, and the investments in decarbonizing the grid and stationary power because he views this as a well-to-wheels challenge.
During the meetings, Linebarger also emphasized that corporations must be able to continue to be successful for American working families with globally competitive tax policies.
Addressing climate change
“Our corporations need to be in the best position to continue to drive job creation, economic growth, and recruit top talent," Linebarger added. “For U.S. communities to thrive – both large and small – our companies need to be on equal footing with our global partners and we have to have tax policies in place that allow for this.”
Overall, Linebarger added that Cummins supports the Build Back Better Act and believes it’s critical to addressing the existential threat that climate change presents and believes the Build Back Better Act can help drive innovation, reduce reliance on carbon, and contribute to American competitiveness and job creation.