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Put Energy Tax Preferences on a Level Playing Field

Author(s): Senator Brian Schatz (D - HI)
United States Senator, State of Hawaii
Member, Senate Appropriations Committee
Date: June 20, 2016 at 10:00 AM

My legislation is based on a very simple idea. And that idea is that there ought to be a level playing field between fossil fuels and clean energy. Right now, fossil fuels subsidies in the tax code, for the most part, are permanent and the clean energy tax credits, for the most part, are temporary. Now, there is a good reason to make tax credits, subsidies, and incentives temporary in the tax code; from a policy standpoint, that requires legislators to reevaluate how a policy is working over time and to make modifications. But when you make a tax incentive… [more]

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