Wednesday, April 13, 2016

Support Dries Up for Renewable-Energy Tax Breaks



An attempt by renewable-energy advocates to have their tax breaks hitch a ride on a Senate aviation bill looks like it isn’t going to get off the ground.
The breaks in question included some odds and ends that had been left out of last year’s tax-extensions law, such as tax credits for geothermal heat pumps, clean-energy manufacturing facilities and fuel cells.
They came under criticism from some Republicans and from Americans for Prosperity and Freedom Partners Chamber of Commerce, groups tied to the industrialists Charles and David Koch, who pegged them as “corporate welfare.”
The effort to extend the breaks fell apart on Tuesday.
“The minimal Republican interest seems to have evaporated,” said Sen. Sherrod Brown, (D., Ohio). “When the Koch brothers tell them no, they don’t move.”
Taking the tax breaks out will make it easier to pass the aviation bill. Supporters of the renewable-energy breaks will try again later this year.



Original Post: washwire

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