AUSTIN – The Texas Public Policy Foundation, Americans for Prosperity, and 33 groups released a letter asking that expiring renewable energy subsidies not be attached to a must-pass reauthorization of the Federal Aviation Administration. The letter argues that "green pork” provisions are not germane to this authorization bill, and favorable tax treatment was extended to renewable energy producers previously.
“Distorting the market through tax credits and subsidies is not the way to achieve low cost energy for the American people. Free markets work,” said the Honorable Doug Domenech, director of the Fueling Freedom Project at the Texas Public Policy Foundation.
The letter, addressed to Senate Finance Committee Chairman Orrin Hatch, and Ranking Member Ron Wyden, states:
"Congress considered the matter of expiring tax provisions less than 4 months ago. The $680 billion package signed into law in December made some of these items permanent and allowed more than two dozen others to expire at the end of this past year, laying the groundwork for comprehensive tax reform. The $1.4 billion in expiring tax provisions currently under consideration — pertaining to wind power, geothermal heat pumps, fuel cell facilities and combined heat and power (CHP) properties — are a distortion of the tax laws for special interests in the renewable energy industry and were wisely left out of this package."
To schedule an interview with Mr. Domenech, please contact Caroline Espinosa at email@example.com or 512-472-2700.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.