Biofuel producers find themselves in a discomforting, but all-too-familiar, situation again this year. Valuable tax incentives have been allowed to expire once again, and Republican tax writers are openly questioning whether those and other lapsed tax breaks should be allowed to die.
Lawmakers seeking to simultaneously boost energy production and reduce carbon emissions are urging House leaders to adopt a tax package providing incentives for the implementation of carbon sequestration.
Congressional Republicans this week step up efforts to finalize a sweeping package of tax cuts, while the Senate Agriculture Committee’s GOP majority attempts to advance another of President Trump’s nominees for the Agriculture Department.
The U.S. wind industry and electric-powered cars look to be the big losers among energy provisions in the House tax reform bill that was marked up this week, while the oil and gas industry appears to once again be in for some very nice breaks.
WASHINGTON, Oct. 29, 2017 - House Republicans reveal the details of their tax reform plan this week as GOP leaders mount an ambitious pre-Thanksgiving campaign to get tax bills through both chambers before the holiday.
WASHINGTON, July 5, 2017 - House Republicans looking for a way to offset the cost of reducing corporate and individual tax rates have their eyes on ending a tax benefit critical to farmers – the deduction for interest expenses.