Senate GOP Tax Reform Plan Reverses House Plans To Hinder Renewable Energy

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Senate GOP Tax Reform Plan Reverses House Plans To Hinder Renewable Energy
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Never let it be said that the American Republican Party is a monolithic entity working together to progress in one sensible direction. Earlier this month GOP representatives in the House proposed a tax reform bill which was widely met with derision and disappointment -- including from the renewable energy industry. It not only proposed eliminating the vehicle tax credit, but also proposed a retroactive tax hike on the wind industry by modifying the Production Tax Credit (PTC) for wind, as well as the Investment Tax Credit (ITC) for solar.

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