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Entries in Tax Credits (37)

Thursday
Dec172015

SEIA Commends Congressional Leaders for Including ITC Extension in Omnibus Bill 

WASHINGTON, D.C. - Following is a statement from Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), on the inclusion of a five-year solar investment tax credit (ITC) extension in the omnibus appropriations bill filed this morning by the U.S. House of Representatives:

"By extending the solar investment tax credit for five years with a commence construction provision and a gradual ramp down, bipartisan members in both Houses have reestablished America as the global leader in clean energy, which will boost our economy and create thousands of jobs across America. 

Currently there are 200,000 solar jobs, and the extension is likely to add another 140,000 jobs or more. And with this extension, the solar industry can achieve its pledge of employing 50,000 veterans by 2020, a goal our industry takes very seriously.  These jobs are stable, well-paying and cannot be exported overseas.

A five-year extension of the ITC will lead to more than $125 billion in new, private sector investment in the U.S. economy. And much of this growth will come from small businesses, which make up more than 85 percent of America’s 8,000 solar companies. Over the last year, these companies told us they needed the extension of the ITC to provide their businesses with certainty, and SEIA has been working tirelessly to achieve that goal. Tonight, we’re happy to see that Congress has responded.

Solar power in this nation will triple by 2022, hitting 95 gigawatts. That’s enough to power 19 million homes and represents 3.5 percent of U.S. electricity generation- up from 0.1 percent in 2010. And the extension will offset 100 million metric tons of CO2 annually- equivalent to the emissions from 26 coal fired power plants. 

We commend members of Congress in both parties for taking this bold step and we look forward to delivering on the promise that this policy now offers all Americans for clean, affordable and reliable energy."



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About SEIA®:

Celebrating its 41st anniversary in 2015, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA® is building a strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member companies to champion the use of clean, affordable solar in America by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit SEIA online at www.seia.org.
Friday
Nov142014

NH Sen. Bradley Files Legislation to Further Expand Research and Development Tax Credit

The New Hampshire Senate

Republican Majority Office

Concord, NH- Senate Majority Leader Jeb Bradley (R-Wolfeboro) announced today he has filed legislation to further expand the Research and Development Tax Credit. The Legislature recently doubled the tax credit to $2 million but there is significantly more demand than that amount.  Bradley’s legislation will expand the potential amount allowed to $7 million.  

 

 “Expanding the Research and Development Tax Credit is one of the most proactive and cost effective measures that New Hampshire policy makers can undertake to retain and grow our critically important advanced manufacturing high tech economy and the good jobs that depend upon it. Encouraging job growth must be a top priority for the 2015 legislative session,” he said.  

 

 Bradley said he expects the legislation will receive broad bipartisan support as well as strong support from business leaders as did similar legislation that previously expanded this tax credit.

 

Saturday
Nov082014

CEI Today: Yellen's Federal Reserve, wind energy tax credits, net neutrality & patent reform, and more 

Friday, Nov. 7, 2014
In the News Today

 

CAN THE FEDERAL RESERVE HELP BUSINESSES? - IAIN MURRAY & RYAN YOUNG

No Triple Mandate for the Federal Reserve

A recent speech by Federal Reserve Chair Janet Yellen got considerable attention over her subtly implied suggestion that the Fed consider taking on a third mandate—reducing economic inequality—in addition to its current dual mandate of keeping inflation in check and unemployment as low as possible. Less noticed, but just as important, were her comments that “business ownership is associated with higher levels of economic mobility,” and that “it has become harder to start and build businesses.”So is there a role the Fed could play in making entrepreneurship easier and less risky? > Read more

> Interview an expert
 

WIND ENERGY TAX CREDITS


The Hill: Groups press new GOP majority to reject wind tax credits
 

In a letter to Speaker John Boehner (R-Ohio) and Senate Minority Leader Mitch McConnell (R-Ky.) on Thursday, the 66 groups argue an attempt to revive the Production Tax Credit (PTC) during the lame-duck session should be “rejected.”

“The PTC is a key part ofPresident Obama and Majority Leader Reid’s attack on affordable energy from natural gas, coal, and nuclear,” the letter signed by Heritage Action for America and the Competitive Enterprise Institute states.
> Read the full story in The Hill


> Interview an expert
 

NET NEUTRALITY & PATENT REFORM - VOX

The GOP's Senate takeover could be a big deal for net neutrality and patent reform

 

Ryan Radia of the Competitive Enterprise Institute says there's a lot that Republicans can do to pressure Wheeler to take a more hands-off approach to the issue. Congressional committees can grill Wheeler and other FCC commissioners about their approach to the issue. And they also have the power of the purse: they can cut the FCC's funding, limiting the agency's ability to enforce the regulations and giving him an incentive to change course. > Read the full story on Vox

> Interview Ryan Radia

 

TOO BIG TO FAIL - JOHN BERLAU

Obama’s Peanut-Brained Attack on MetLife
 

The federal government considers MetLife to be “too big to fail,” making it subject to the same Dodd-Frank bailout regime set up for big Wall Street banks like Goldman Sachs and JPMorgan Chase. But MetLife, to its credit, has publicly stated that it is not too big to fail and does not want the special privileges that come with SIFI status. > Read more

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CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website, cei.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.

 

Saturday, 10am ET
Realclearradio.org

 

 


 

CEI President Lawson Bader

@libertynkilts
 

In Memoriam:
Gordon Tullock

CEI’s Battered Business Bureau: The Week in Regulation

In the final week before the midterm election, agencies published new regulations ranging from dairy profits to Japanese oranges. Fittingly, the total number of new regulations on the year also passed the 3,000 mark on Hallow’s Eve.





 

Friday
Aug292014

NHDP Statement on NH Supreme Court's Decision Not to Rule on Reckless Education Voucher Law 

Manchester, NH – After the New Hampshire Supreme Court decided earlier today not to rule on the constitutionality of the reckless and irresponsible education voucher law, New Hampshire Democratic Party Chairman Ray Buckley issued the following statement:

“It is disappointing that the New Hampshire Supreme Court refused to rule on the reckless, fiscally irresponsible and unconstitutional education voucher law that could dismantle New Hampshire public schools.

“Already, two lower courts have found the law to be in violation of the state's constitution.

“This disastrous education voucher law funnels public funding to unaccountable out of state right-wing groups bent on destroying our public education system and hampers our state's ability to provide Granite State students the education they deserve.

“The education voucher law also irresponsibly shifts burdensome costs to local communities and forces property tax payers to foot the bill.

“Republicans like Walt Havenstein and Andrew Hemingway who support this misguided and right-wing education voucher law will have to answer to Granite State voters why they want to raise their property taxes and undermine their public education.”

Friday
Aug292014

NH Republican Senate Majority - Bradley, Carson applaud Supreme Court decision upholding school choice program 

The New Hampshire Senate

Republican Majority Office

Tax credits for scholarships going to low-income NH families

 

Concord, NH – Senate Majority Leader Jeb Bradley (R-Wolfeboro) and Senator Sharon Carson (R-Londonderry) today applauded the New Hampshire Supreme Court decision to dismiss a lawsuit against New Hampshire’s School Choice Scholarship Program.

 

“School choice scholarships give low-income families more flexibility to find the best educational options for their children. Public schools in New Hampshire do a great job of meeting the educational needs of most students. But as a parent I know that some children need more choices for their education, which is why I have long supported charter schools, homeschooling, choice in which public school to attend as well as tax credit scholarships for low income students,” Bradley said “I’m pleased that New Hampshire’s School Choice Scholarship Program will be allowed to continue.”

 

“This is a great day for school choice, and for all parents looking to provide their children with the best education possible,” Carson said. “School choice is a proven tool to increase educational quality.”

 

Bradley and Carson were co-sponsors of SB 372, a 2012 bill which established education tax credits to fund school choice scholarships for low-income families.