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Cut out Green Energy Handouts to Achieve Tax Reform, Rate Reduction
November 14, 2017
The unified tax framework calls for reducing the corporate tax rate to 20
percent. This lower rate will benefit the overall economy, promote job
growth, and make U.S. businesses more competitive. Extending and
expanding these tax provisions benefitting narrow special interests makes
it difficult to maintain this 20 percent rate.
Over the past decades, favorable tax treatment for renewable energy has
consistently failed to deliver on its promises of long-term job creation and
economic viability. Americans deserve access to energy solutions that are
affordable and reliableones that can stand on their own in the
marketplaceas well as a federal tax code that is fair and simple. Closing
these loopholes would reduce complexity in the tax code and create a level
playing field where all energy sources and new technologies can compete.
Sincerely,