Baucus Wants Energy Tax Credits Consolidated

Law360, New York (December 18, 2013, 6:13 PM EST) -- A new set of tax reform proposals released Wednesday by Senate Finance Chair Max Baucus, D-Mont., seek to compress the nation's current labyrinth of energy tax incentives into two tax credits for clean electricity and clean transportation fuel that can encompass most new technologies.

Of the 42 energy tax incentives currently available, 25 are temporary and will cost $150 billion to extend over the next 10 years, according to Baucus. But the U.S. can increase its domestic energy production and reduce pollution if it abandons the current...
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