FOR IMMEDIATE RELEASE
June 20, 2012
Contact: Colbie Holderness
Email: [email protected]
Clean Energy Businesses Urge Extension of Tax Measures
Highlight Benefit of Tax Measures to Economic Growth
The Business Council for Sustainable Energy (BCSE) submitted testimony today to both the House and Senate tax writing committees urging Congress to continue its long-standing support for a broad array of clean energy tax measures in order to spur investment, create jobs and diversify our nation's energy portfolio.
The Council's coalition of business interests said Congress should not wait for comprehensive tax reform before giving businesses the certainty they need to make investments and to create jobs. Until Congress enacts tax reform legislation that includes clean energy provisions, Congress should continue the federal commitment to clean energy by extending expiring, and expired clean energy tax measures.
"Clean energy tax incentives have played a critical role in helping the United States achieve vital economic and energy security objectives," said BCSE President Lisa Jacobson. "Tax incentives have been an important part of our energy policy and have been as effective as any state or federal energy policy mechanism in helping to ensure an adequate, reliable, safe, clean supply of energy resources.
"Smart federal policy has assisted the natural gas, renewable energy and energy efficiency sectors in adding hundreds of thousands of jobs to the U.S. economy," said Jacobson. For example, "the shale gas revolution that is providing so many benefits across the United States was supported, in part, by federal tax incentives."
The Council testified that continued support for clean energy incentives is in the best interest of American taxpayers and supports a well-reasoned national energy strategy that improves our economic conditions at home and strengthens America's competitiveness in the global marketplace.
Jacobson acknowledged that the Council and its members have been gathering input from experts on how clean energy can fit into comprehensive tax reform and reaffirmed the Council is willing to engage in discussions about how to structure comprehensive tax reform, if and when Congress moves legislation.
"Until Congress reforms the tax code, however," Jacobson said, "it is imperative that Congress extend expiring, and expired, clean energy tax incentives."
For a copy of the Council's testimony, please go here. For more information about the Council's coalition of clean energy business interests, visit us on the web at www.bcse.org.