Full Title: Federal Financial Support for Fuels and Energy Technologies
Author(s): Terry M. Dinan
Publisher(s): Congressional Budget Office
Publication Date: 3/2013
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The federal government has provided various types of financial support for the development and production of fuels and energy technologies in recent decades. That support—which has taken the form of tax preferences (special provisions of tax law that reduce tax liabilities for certain activities, entities, or groups of people) and spending programs administered by the Department of Energy (DOE)—totals an estimated $19.8 billion in fiscal year 2013. (Unless otherwise indicated, all years discussed in this testimony are fiscal years, and all dollars are expressed in current terms.) That amount includes $16.4 billion in tax preferences and $3.4 billion in funding for DOE.