Nov 20, 2019

How Democrats want to change the energy tax code

Ways and Means Committee Chairman Rep. Richard Neal (D-Mass.). Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images

House Democrats on the tax-writing Ways and Means Committee have unveiled draft legislation that would extend and/or expand a suite of tax credits for climate-friendly energy sources.

Why it matters: The tax code has historically been a driver of solar and wind power deployment, as well as electric vehicle sales, and much more.

  • Provisions in the sweeping bill include new tax credits for energy storage projects and triple the number of EV sales per manufacturer that qualify for consumer purchase credits.

Where it stands: It is unclear how much this bill is in play in this Congress, and the White House is on the record opposing EV tax credits.

  • Ways and Means Chairman Richard Neal has signaled that some provisions could be part of year-end negotiations with the Senate on various tax break extensions, according to E&E News.

Quick take: Beyond its near-term prospects, the bill could be a template for how Democrats want to tackle energy tax policy if they gain more power in Washington in the 2020 elections.

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Poll: Battleground states support clean energy tax credits

Data: Global Strategy Group; Chart: Lazaro Gamio/Axios

New polling shows voters in battleground states and congressional districts support extending tax credits for renewable power and creating incentives for deploying storage technologies.

Why it matters: House Democrats recently unveiled legislation that would lengthen expiring incentives for developing wind, solar and other projects, and add a new credit for batteries and other forms of storage.

Go deeperArrowDec 3, 2019

House Dems' proposed tax incentives could reduce carbon emissions

An oil refinery in Whiting, Indiana, on Jan. 8. Photo: Scott Olson/Getty Images

A new note from the Rhodium Group helps explain why environmental groups and renewables trade associations are throwing their weight behind House Democrats' legislation to extend a suite of tax incentives.

The big picture: Compared to current policy, U.S. emissions would be 37 million to 99 million tons lower in 2030 if the wide-ranging draft bill unveiled recently were enacted, the research firm projects.

Go deeperArrowDec 4, 2019

Reality check on Elizabeth Warren’s biggest ideas

Photo Illustration: Aïda Amer/Axios. Photo via Joseph Prezioso/Getty Contributor

Here’s a look at the odds for 10 of Elizabeth Warren’s most ambitious plans, according to Democratic aides, former White House policy officials from both parties, and Axios’ issue experts.

Go deeperArrowDec 4, 2019