In a recent letter to Senator Orrin Hatch (R-UT) and Senator Ron Wyden (D-OR), 34 organizations, including Americans for Tax Reform, voiced their opposition to extending expiring renewable energy provisions as part of the FAA reauthorization bill. Aside from the clear difference of the intended purpose of the legislation, Congress has already passed an extension of related renewable provisions in 2015 for wind and solar.
If the current renewable provisions now being debated are allowed to expire at the end of this year as scheduled, the nation could save $1.4 billion and prevent politically favored renewable energy producers from receiving dual tax credits.
The government effort to promote renewable energy through subsidies, loans, mandates, and other tax handouts has failed to live up to what their proponents promise. According to the Energy Information Agency, only 7 percent of energy produced comes from renewable sources, such as wind, geothermal heat pumps, solar, and biomass. Americans deserve to have access to affordable and reliable energy sources without the federal government falsely propping them up with taxpayer funds.