Wyden Proposes Long-Awaited Overhaul Of Clean Energy Tax Credits

Senate Finance Committee Chairman Ron Wyden (D-OR) has reintroduced his Clean Energy for America Act, proposing to replace the current several dozen clean energy tax credits for renewables and other low-carbon energy sources with a technology neutral credit based on achieving emissions reduction targets. “Energy policy is tax policy,” Wyden told reporters April 21 in announcing his plans to reintroduce his bill to overhaul what he says is an “inadequate tax code” of 40 “temporary” reductions while eliminating credits specifically...