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BIPARTISAN POLICY CENTER RECOMMENDS EXTENSION OF PTC AND PHASE OUT BY END OF 2016

Wednesday, February 27, 2013 - 8:00AM

The Bipartisan Policy Center (BPC) released a report, "America's Energy Resurgence: Sustaining Success, Confronting Challenges," in which it recommends encouraging renewable energy production and consumption through extended tax incentives, among other things. However, the report also recommends reviewing the full range of energy tax expenditures and developing a reasonable phase-out plan for those tax expenditures that BPC says constitute subsides for mature fuels and technologies. Regarding the renewable energy production tax credit (PTC) specifically, the report suggested Congress should extend the PTC, initially at its current level, and plan a complete phase-out by the end of 2016.

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