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SENATOR PROPOSES REPEAL OF THE PRODUCTION TAX CREDIT

Friday, March 22, 2013 - 7:00AM

Sen. Lamar Alexander, R-Tenn., yesterday sponsored a budget amendment that would repeal the recently passed, one-year extension of the renewable energy production tax credit (PTC). The PTC repeal was proposed to help pay for the repeal of an excise tax on medical devices. The amendment, if passed, would repeal both tax provisions without increasing the federal debt, according to a press release on Sen. Alexander’s website.

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