Dems Push to Extend Clean-Energy Tax Credits

WASHINGTON - MAY 04: U.S. Rep. Ed Markey (D-MA), Chairman of the House Select Committee on Energy Independence and Global Warming, speaks to the media as he arrives for a closed briefing by BP officials on Capitol Hill May 4, 2010 in Washington, DC. BP officials were on the Hill to brief legislators on the oil spill in the Gulf of Mexico. 
National Journal
Clare Foran
Add to Briefcase
Clare Foran
Dec. 16, 2013, 8:07 a.m.

With a number of tax incentives for renewable-energy production set to expire at the end of the year, some mostly Democratic lawmakers are urging Congress to pass an extenders package in the absence of comprehensive tax reform.

Members of the House Sustainable Energy and Environment Coalition wrote to House Ways and Means Committee leadership on Monday calling for an extension of a slate of clean-energy tax credits currently on the chopping block. The move was timed to coincide with the release of a nearly identical letter sent by a coalition of Democratic and independent senators to Senate Finance Committee leadership.

Both letters express support for an overhaul of the tax code, which would fall under the jurisdiction of the two committees, but stress the importance of extending a number of tax incentives intended to spur renewable-energy production.

“As we approach the end of the calendar year, many tax programs that are critical for creating jobs, deploying clean energy, and cutting pollution are facing expiration. If a broader tax code overhaul cannot be achieved by year’s end, it is imperative that these key clean energy tax incentives are renewed as soon as possible,” both of the letters state.

The wind-production tax credit, worth 2.3 cents per kilowatt-hour of electricity generated by wind power, has taken center stage in the battle over expiring clean-energy tax provisions as the year winds to a close. The wind credit is at the top of the list of credits the lawmakers want to see extended as soon as possible.

Beyond that, the lawmakers ask for the continuation of a number of other tax provisions, including the investment tax credit for renewable energy, the advanced energy manufacturing tax credit, and tax credits for efficient new homes and appliances as well as hybrid medium- and heavy-duty trucks.

Unlike its House counterpart, however, the Senate version of the letter also asks for an extension of the alternative-fuel vehicle-refueling property credit, the residential energy-efficiency tax credit, and a number of tax incentives for advanced biofuels.

The letters signals growing concern among stakeholders connected to industries affected by the credits that Congress will not act to pass an extenders package before the end of the year.

In the past, tax extenders have been almost routinely approved on Capitol Hill. This year the legislative landscape is a bit different, however, as leaders of the House Ways and Means and Senate Finance committees appear hesitant to pass any kind of stopgap measure until comprehensive tax reform begins to move.

Prospects for an extenders package have also dimmed with the release of a budget deal in the House that does not include provisions for an extension of any of the credits set to expire.

Extension of the wind-production tax credit faces Republican opposition in the House, with even members from some of the windiest districts in the U.S. calling for a drawdown of the tax incentive.

On the House side, signatories of the letter include Reps. Paul Tonko, D-N.Y.; Rush Holt, D-N.J.; and Chellie Pingree, D-Maine. The Senate letter is signed by Sens. Edward Markey, D-Mass.; Richard Blumenthal, D-Conn.; Barbara Boxer, D-Calif.; Christopher Coons, D-Del.; Dianne Feinstein, D-Calif.; and 19 others.

Amy Harder contributed to this article.
What We're Following See More »
EXPECTED TO SAY U.S. IS WITHDRAWING FROM TREATY
Bolton Lands in Russia for Talks
15 minutes ago
THE LATEST
SHE IS HAVING MEMORY ISSUES
Sandra O'Connor Stepping Back From Public Life
23 minutes ago
THE LATEST

"Sandra Day O’Connor, the first woman on the Supreme Court has stepped back from public life. ...She last made public appearances over two years ago. This summer she turned over an office she had kept at the Supreme Court to the court’s most recently retired justice, Anthony Kennedy. Her son Jay O’Connor said in a telephone interview that his mother began to have challenges with her short-term memory. That made some public events more difficult. He says she now stays close to her Phoenix home."

SEX WOULD BE CONSIDERED BINARY
HHS Could Nix Title IX Protections for Transgender Students
4 hours ago
THE DETAILS

"The Department of Health and Human Services is spearheading an effort to establish a legal definition of sex under Title IX, the federal civil rights law that bans gender discrimination in education programs that receive government financial assistance, according to a memo obtained by The New York Times. The department argued in its memo that key government agencies needed to adopt an explicit and uniform definition of gender as determined 'on a biological basis that is clear, grounded in science, objective and administrable.' The agency’s proposed definition would define sex as either male or female, unchangeable, and determined by the genitals that a person is born with."

Source:
SAYS HIS DEATH STEMMED FROM A FISTFIGHT
Saudis Admit Khashoggi Killed in Embassy
2 days ago
THE LATEST

"Saudi Arabia said Saturday that Jamal Khashoggi, the dissident Saudi journalist who disappeared more than two weeks ago, had died after an argument and fistfight with unidentified men inside the Saudi Consulate in Istanbul. Eighteen men have been arrested and are being investigated in the case, Saudi state-run media reported without identifying any of them. State media also reported that Maj. Gen. Ahmed al-Assiri, the deputy director of Saudi intelligence, and other high-ranking intelligence officials had been dismissed."

Source:
ROGER STONE IN THE CROSSHAIRS?
Mueller Looking into Ties Between WikiLeaks, Conservative Groups
2 days ago
THE LATEST

"Special counsel Robert Mueller’s investigation is scrutinizing how a collection of activists and pundits intersected with WikiLeaks, the website that U.S. officials say was the primary conduit for publishing materials stolen by Russia, according to people familiar with the matter. Mr. Mueller’s team has recently questioned witnesses about the activities of longtime Trump confidante Roger Stone, including his contacts with WikiLeaks, and has obtained telephone records, according to the people familiar with the matter."

Source:
×
×

Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.

Login