Monday, November 03, 2014

The Energy Collective:  Post-Election Day, Tax Extenders Will Be a Bipartisan Opportunity

U.S. Congress (Credit: blog.aee.net) Click to enlarge.
Americans head to the polls on Tuesday for a midterm election that will determine the makeup of the House and Senate.  The Washington Post and others are forecasting that Republicans will strengthen their control of the House and gain a majority of seats in the Senate.  The White House has already begun contemplating areas of agreement with a future GOP majority.  Though Senate movement on passing tax extenders came to a standstill in May, both parties have since shown interest in pushing the issue forward during the lame duck session.  There are different theories on how such a deal would come about, but there is no question that extending advanced energy tax credits is both vital to industry and supported by members on each side of the aisle.
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Regardless of next week’s election outcome, passing legislation to extend advanced energy tax credits should be a bipartisan priority in the lame duck session.  Not only is it an area ripe for agreement, it is also clear that energy is a huge priority for American voters.  According to the New York Times, “energy and environment” is the third-most referenced policy issue in the Senate election ads, behind health care and jobs.  More than 145,000 ads have been aired on energy and environment topics in House and Senate races across the United States, far outpacing previous election cycles.

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