"Ways and Means Democrats Eye Green Energy Tax Package"

"The House Ways and Means Committee is likely to start negotiations in the coming weeks on a clean energy tax package that would likely focus on extending and expanding breaks like the one for electric vehicles.

A centerpiece will likely be Rep. Dan Kildee’s (D-Mich.) bill (H.R. 2256) to extend tax benefits aimed at encouraging electric car purchases, and expanding them for car manufacturers like Tesla Inc. that have already hit the credit’s threshold. Still, Congressional, lobbying, and industry sources cautioned that a package hasn’t been fully hashed out yet.

Some combination of an extension and expansion of investment and production tax credits for the solar, wind, and energy storage industries would also be included, although talks are still fluid."

Kaustuv Basu and Colin Wilhelm report for Bloomberg Environment September 10, 2019.

Source: Bloomberg Environment, 09/11/2019