Congressional negotiators recently announced a resolution to questions about the “tax extenders” package under consideration for inclusion in the end of year spending deal. According to reports, the final tax extenders package would resurrect or extend tax breaks for certain vehicles and biofuels through 2020, extend the renewable production credit for one year, and excludes expansion of the electric vehicle and solar credits.
Director of CEI’s Center for Energy and Environment Myron Ebell said:
“While CEI opposes the tax subsidies for energy and vehicles included in the tax extenders package, we recognize that the final package agreed to last night could be much worse. The White House, Treasury Secretary Steven Mnuchin, and some Senate Republicans deserve credit for holding the line against even more generous handouts for special interests. CEI urges Members of the House and Senate to oppose all attempts to add any more political favors disguised as tax breaks before final passage of the funding bills.”