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Tax incentives focus of hearings
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WASHINGTON – U.S. Rep. Richard E. Neal will begin a series of hearings tomorrow on energy and tax policy proposals that will give tax incentives to companies for using alternative sources of energy.
As chairman of the House Ways and Means subcommittee on Select Revenue Measures, the Springfield Democrat will look at using tax incentives to prompt the private sector to develop or expand the use of clean and renewable energy with the goal of cutting greenhouse gas emissions.
Republican and Democrat members of Congress have been working together to reduce the emissions of heat-trapping pollution contributing to global warming. Neal’s congressional neighbor, U.S. Rep. John W. Olver, D-Amherst, is co-chairman of the bipartisan House Climate Change Caucus, which wants the president to support bipartisan legislation that would cap emissions. The legislation, which has 69 co-sponsors, would set up a market-based system and reward companies for developing pollution-reducing technologies.
Corporate executive officers of 10 U.S. companies representing the energy industry have been working with environmental groups to establish a nationwide limit on carbon dioxide emissions.
Neal said tomorrow’s hearing will “take a deeper look into our tax code” to see if there are ways to “update and improve existing tax incentives that encourage the development of alternative sources of energy.”
Neal, who became chairman of the committee this year, said the House Ways and Means Committee previously held hearings on the risks posed by climate change, and tax incentives are one way the federal government can expedite development of alternative energy use in the private market.
Scheduled to appear at the hearing are Jaime Steve, the legislative director of the American Wind Energy Association; William H. Carlson, chairman of USA Biomass Power Producers Alliance from Redding, Calif.; Karl Gawell, executive director of Geothermal Energy Association; Rhone Resch, president of Solar Energy Industries Association; Robert R. Rose, executive director of the U.S. Fuel Cell Council; Bob Dinneen, president and chief executive officer of the Renewable Fuels Association; and Nina Bergan French, director of Clean Coal Combustion Products of Littleton, Colo.
By Jo-Ann Moriarty
18 April 2007
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