If green energy can stand on its own two legs, it doesn’t need subsidies. If it cannot, then it doesn’t need subsidies, either.
The GOP’s plan to overhaul the U.S. tax code includes changes to green energy tax subsidies that lawmakers say will save taxpayers billions of dollars every year.
The tax plan would modify production and investment tax credits for green energy projects, including wind turbines and solar panels, and push for eliminating subsidies for purchasing electric cars.
However, the plan also calls for extending, then phasing out, a 30 percent tax credit for buying solar energy equipment. Republicans would also allow green energy production and investment tax credits continue to phase out, and not eliminate them immediately.
The GOP also wants to eliminate a tax credit for enhanced oil recovery and make sure tax credits for advanced nuclear energy production are made available before the program expires.
Via CFact