GOP Sen. Floats Bill To Slash Energy Tax Credits

Law360, Los Angeles (May 2, 2014, 4:14 PM EDT) -- U.S. Sen. Mike Lee, R-Utah, on Thursday introduced the Energy Freedom and Economic Prosperity Act, a companion bill to legislation introduced in the U.S. House of Representatives that would restore free-market competition to America's energy sector by eliminating tax credits for renewable and traditional energy sources.

In 2013, Rep. Mike Pompeo, R-Kan., renewed a bid to kill more than a dozen financial incentives the federal government offers the energy industry, including tax credits for oil and gas production and wind energy development, when he reintroduced his...
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