Democrats at Crossroads to Merge Clean Energy Plans (1)

The Biden administration’s clean energy plan shares common goals with a tax incentive overhaul championed by Senate Finance Committee Chairman Ron Wyden, with some important differences to resolve as infrastructure negotiations continue.

President Joe Biden’s plan would extend energy-based tax credits for five years or more, including extensions through the end of the decade for wind, solar, nuclear, and electric vehicle chargers. The Wyden legislation (S. 1298) is more goal-oriented, extending tax credits for wind, solar, and other energy sources until they essentially hit certain targets for reducing greenhouse gas emissions.

Clean energy advocates are encouraged that ...