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Woolf Statement on Sen. Baucus Energy Tax Reform Plan

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“I congratulate Sen. Baucus for jump starting a much needed debate on energy tax reform,” said Malcolm Woolf, senior vice president for policy and government affairs at Advanced Energy Economy, a national business association. “AEE hopes that his discussion draft leads to a new approach for energy tax policy, one that is technology neutral, provides stability and predictability, and uses market forces to drive better energy options.

“However, tax certainty is as important to investment and growth as tax reform,” continued Woolf. “Tax credits for a range of advanced energy production and energy efficiency investments are expiring at the end of this year because Congress has failed to act. AEE will continue to support the efforts of the Finance Committee as Sen. Baucus and his colleagues push for comprehensive tax reform, but businesses need certainty now.  We therefore urge Congress to extend the advanced energy tax credits that are expiring in just a few weeks.”