US EditionFiscal experts urge Republicans to gut green energy subsidies via tax legislation
- Allies of President Donald Trump are promoting a tax cut package to maintain provisions of Trump's 2017 tax law before expiration, which would raise taxes on many Americans.
- Steve Moore, co-founder of the Committee to Unleash Prosperity, emphasized the importance of making Trump-era tax cuts permanent to maintain lower rates for businesses and individuals.
- Senate Republicans plan to ask for a ruling from the Senate parliamentarian to facilitate making Trump’s tax cuts permanent, despite warnings from fiscal analysts about potential increases to U.S. Debt.
- Democratic Senator Jeff Merkley criticized the Republican plan, suggesting it favors the wealthy and undermines fiscal responsibility.
29 Articles
29 Articles
Watauga Democrat
Fiscal experts urge Republicans to gut green energy subsidies via tax legislation
(The Center Square) – While top Republican lawmakers discuss how to offset the cost of extending President Donald Trump’s tax cuts, dozens of fiscal and energy policy organizations are telling them to start with cutting green energy subsidies.
Trump allies make push for permanent tax cut plan in Congress
Allies of President Donald Trump are urging Congress to quickly take up and enact a tax cut package that permanently extends provisions of Trump's 2017 tax law to keep them from expiring at the end of the year and causing Americans' tax bills to rise.Economist Steve Moore, the co-founder of the Committee to Unleash Prosperity, spoke with FOX Business in an interview about the formation of the Tax Cut Victory Alliance, a new coalition of taxpayer…
Renewable energy trust dividends under threat as subsidies expire
The dividends of renewable infrastructure investment trusts are at risk of growing more volatile as subsidies for clean energy expire in coming years, Stifel has warned. Many renewable infrastructure projects are due to see their government-backed Contracts for Difference, which provide developers with a stable revenue stream, expire between 2032 and 2035. These subsidies are essential to providing a strong stream of ‘fixed’ revenue, which allow…
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