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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 […]
A coalition of House Democrats, environmental advocacy groups, and renewable energy trade associations are looking to take advantage of the economic slowdown caused by the COVID-19 pandemic by sneaking several renewable energy tax credits into an economic stimulus bill. Let’s set aside for a moment the question of whether or not such stimulus packages are […]
House and Senate Democrats maneuver to slide unrelated renewable energy tax credits, green new deal policies into economic stimulus package meant to protect our health and the economy. WASHINGTON DC (March 18, 2020) – Today, the American Energy Alliance (AEA) raised concerns about the ballooning $1.2 trillion stimulus package Congress is currently considering and what […]
After many months of speculation, we have the text of the tax extenders package. As expected, the deal extends a host of small expired or expiring tax provisions from the last several years. On the energy front, however, taxpayers have mostly dodged a bullet. With the exception a 5-year extension of the biodiesel tax credit and […]
Last week, following the grand tradition of Oprah whereby guests receive free gifts just for attending, Democrats on the House Ways and Means Committee, led by Rep. Mike Thompson, announced a draft bill dubbed the Growing Renewable Energy and Efficiency Now Act (or GREEN Act). But a better name for it would be the Everybody […]