Home 2016 elections Dave Brat Would Repeal Tax Credit for Renewable Energy Sources

Dave Brat Would Repeal Tax Credit for Renewable Energy Sources

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brat_and_trump2Previously published in DailyKos

Although Dave Brat says he favors energy independence, he cosponsored HR 1901, the PTC Elimination Act. According to the Congressional Research Service, “This bill amends the Internal Revenue Code to phase out and eventually eliminate the tax credit for production of electricity from renewable resources. The bill repeals the inflation adjustment for current recipients of the tax credit and modifies the ‘beginning of construction’ requirement to require that construction of an eligible project is continuous and makes significant progress. The credit is repealed in its entirety after December 31, 2025.
“The bill expresses the sense of Congress that the credit should be allowed to expire and should not be extended beyond its expiration date.
“The bill also reduces the corporate income tax by an applicable percentage based on increases in revenues resulting from this bill.”

Dave’s support of this bill shows that he would rather give tax breaks to corporations than provide incentives to develop renewable sources of energy. Who benefits? Certainly not you.

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We can’t afford two more years of Dave Brat.

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