National Journal: Dems Push to Extend Clean-Energy Tax Credits
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.