Energy tax reform paper could be coming soon – House passes budget deal – Moniz: Oil export ban
WYDEN: IF TAX REFORM DRAGS OUT, EXTENDERS MAY BE NEEDED: Wyden yesterday hinted he may push Congress to consider some sort of tax extenders package if broader tax reform efforts drag out too long. “If you didn’t have tax reform and you didn’t have extenders, you’d do crushing damage to solar, wind and renewables,” Wyden told ME in the Capitol. While Wyden, who also sits on the Senate Finance Committee, wouldn’t give any timeline for considering a revival of the renewable energy production tax credit and other provisions scheduled to expire at the end of this year, his willingness not to let the credits expire for too long could be good news for wind and other industries. “Clearly the decision by the House to in effect hold back on tax reform has given new urgency to the energy extenders,” Wyden noted.
Speak of the devil: The BlueGreen Alliance is pressing lawmakers to extend a bevy of tax credits — including the PTC, the Investment Tax Credit, an offshore wind credit, the 48C clean energy manufacturing credit and credits for hybrid vehicles — in addition to extending Master Limited Partnerships to renewable energy projects