May 24,2021

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Wyden Releases Chairman’s Mark Ahead of Clean Energy for America Act Markup

Washington, D.C. – Senate Finance Committee Chair Ron Wyden, D-Ore., today released the chairman’s mark ahead of Wednesday’s Finance Committee markup of the Clean Energy for America Act:  

“The Finance Committee on Wednesday will consider comprehensive climate legislation for the first time in its history. The window to avert the worst climate outcomes is closing and we need to address this crisis now,” Wyden said. “Energy policy is tax policy, and the federal tax code is woefully inadequate to address today’s energy challenges. It’s a hodgepodge of credits from yesteryear that don’t effectively move us toward the goals of reducing carbon emissions, creating clean energy jobs or lowering electricity bills for American families. Rather than tie incentives to specific technologies, the chairman’s mark ties incentives to emissions reductions and climate outcomes. It’s long past time we reward results as we move toward a clean energy future.”

The chairman’s mark is available here. The Joint Committee on Taxation’s revenue estimate is available here. A summary of the chairman’s mark is available here.