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The Inflation Reduction Act of 2022 (IRA), President Biden’s signature climate bill, passed solely by Democrats, contains lucrative, essentially uncapped subsidies for wind and solar-generated power. Under current law, the tax credits phase out over four years, starting in either 2032 or when the U.S. power sector’s greenhouse gas emissions fall to a quarter of […]
WASHINGTON DC (6/18/25) – The Senate Finance Committee released its draft text for the budget reconciliation bill this week, notably preserving many of the “clean energy” tax incentives that House Republicans have dramatically scaled back. American Energy Alliance President Thomas Pyle issued the following statement: “The Senate Finance proposal extends subsidies for solar and wind […]
The Senate Finance Committee released its draft legislation of the reconciliation bill on Monday and, although the main structure of the bill remains the same as the house version, there are some notable differences in some of its energy provisions. Unfortunately, some of these differences are steps backward in that they replace the House bill’s […]
Early Thursday morning, the House passed its version of the Republican reconciliation legislation package. The two main goals of the legislation are extending the 2017 Tax Cuts and Jobs Act and rolling back the 2022 Inflation Reduction Act (IRA). Republicans made a lot of changes over the past week, with conservative members of the House […]
The Federal government has already spent well over $100 billion on renewable credits for electricity production since their enactment three decades ago, and the “Inflation Reduction Act” will cost taxpayers another $98 billion. The proposed bill is full of incentives for renewable energy technologies, chief among an extension of wind and solar tax credits significantly increasing […]
On November 19, the House of Representatives passed a $2 trillion budget bill with a long list of increases in federal royalties and fees, plus new fees, new taxes, and barriers to leasing in the Arctic National Wildlife Refuge, the Pacific, Atlantic, and eastern Gulf of Mexico. It passed on a party-line vote of 220-213 and was […]
This past week House Democrats passed their budget reconciliation bills in the various Committees. So far these bills are 100 percent partisan as no Republicans in any Committee has voted for them. Next, the House Budget Committee will take the various provisions and combine them into a reconciliation bill to send to the Senate. This […]
The U.S. Senate, the only stronghold in Congress, must resist temptation to pass unnecessary handouts to special interests before – and after – the election. WASHINGTON DC (October 22, 2020) – The American Energy Alliance (AEA), the country’s premier pro-consumer, pro-taxpayer, and free-market energy organization, issued a letter to Senate Leader Mitch McConnell and many […]
AEA applauds legislators willing to take on on the powerful wind lobby and end the Production Tax Credit (PTC) once and for all. WASHINGTON DC (September 24, 2020) – The American Energy Alliance, the country’s premier pro-consumer, pro-taxpayer, and free-market energy organization praised legislation introduced by Senators Lankford (OK), Cramer (ND), Hoeven (ND), Capito (WV) and […]
There comes a point in every person’s life when they have to face the realities of the adult world. In 21st century America the age at which that point comes seems to be extending further past the age of legal adulthood each year, leaving a generation in a state of perpetual adolescence—with their parents footing […]