Energy, Carbon Capture Tax Credits Added to Spending Bill (2)

Expired renewable energy tax credits would be restored in the latest Senate budget deal that also includes $89 billion in disaster relief.

The “Bipartisan Budget Deal,” released early Feb. 8, would also increase the budget cap for defense spending and raise the debt ceiling until March 2019. It would set spending allocations through the end of September 2019.

The Senate could vote Feb. 8 on the deal, which also includes a continuing resolution to keep the government operating at fiscal year 2017 spending levels until March 23. Congressional appropriations committees would determine future spending levels for programs and agencies. ...