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The American Energy Alliance urges all Senators to oppose Grassley amendment #1835 to the Hatch substitute for HR 1 the Tax Cuts and Jobs Act. This amendment seeks to protect the users of complex international tax structures from being touched by reforms included in the Hatch Substitute, a provision known as the Base Erosion Anti-Abuse Tax […]
WASHINGTON – This afternoon Thomas J. Pyle, President of the American Energy Alliance, sent a letter to Senate Majority Leader Mitch McConnell expressing the organization’s opposition to special tax treatment for the wind and solar industries vis-à-vis the Base Erosion Anti-Abuse Tax provision in the Senate tax reform bill. The text of the letter can be read below: Dear Majority […]
Congress is at long last coming to grips with the failure that is the wind production tax credit (PTC). The bill passed by the House Thursday will cut the rate at which wind production is subsidized by about one-third and will allow the quarter-century-old program to finally end as scheduled in 2020. Hurdles still remain […]
WASHINGTON – Thomas J. Pyle, President of the American Energy Alliance, has issued the following statement on today’s release of the Tax Cuts and Jobs Act: “This pro-growth tax reform plan is a breath of fresh air for American businesses and the American people. The immediate lowering of the corporate tax rate to 20 percent will […]
America is in the midst of an energy revolution. While coal use has fallen, natural gas and oil production have increased dramatically over the last four years. Conversely, despite massive amounts of subsidies, mandates, and media hype, renewable energy production has hardly budged. Glowing words for renewable energy investment shouldn’t outshine the real story about […]
As Congress considers a massive $1.1 trillion omnibus spending bill, coupled with a $650 billion tax extenders package, the American Energy Alliance urges all members to vote against any legislation that extends the wind Production Tax Credit (PTC), the solar Investment Tax Credit (ITC), and fails to prohibit funds from being repurposed to the Green Climate Fund. According […]
Today, multimillionaire presidential candidate Hillary Rodham Clinton held a “grassroots event” with billionaire investor Warren Buffett. The subject was tax reform, one Buffett knows well. The Berkshire Hathaway CEO owns a sprawling enterprise of businesses employing an army of lobbyists and accountants to exploit opportunities to make money at taxpayer expense. Buffett does not hide […]
When Paul Ryan accepted the gavel as Speaker of the House, he stated: “Neither the members nor the people are satisfied with how things are going. We need to make some changes, starting with how the House does business.” Yet it didn’t take long for those words to ring hollow, as the Republicans are again […]
Plan to Extend PTC will Cost Billions of Dollars; Hike Electricity Bills WASHINGTON – Congress is reportedly working on a tax extenders plan that includes a five-year extension of the wind Production Tax Credit (PTC). Some have called this deal a “phase out”—resembling the plan proposed by and lobbied for by GE just last year—but […]
Congress is reportedly considering a deal to revive a package of expired tax provisions known as tax extenders. While it contains a number of popular items, the deal would also extend corporate welfare central to President Obama’s climate agenda: the wind Production Tax Credit (PTC). Speaker Ryan should protect American families from the impacts of […]