Last month, treasury secretary nominee Steven Mnuchin told the Senate Finance Committee that he would retain and support the PTC phase-out but that might change once President Trump is made aware of the cost and true impacts of Big Wind.
During the month of February, we will be posting a series of articles that examine wind energy in the U.S. and offer specific recommendations that, if implemented by the new administration, will help reset priorities and ensure the interests of the American people come first.
These posts are not intended to present a long-term comprehensive exposé of federal wind energy policy. Rather, the focus will be on immediate steps to consider during the first one-hundred days of the Trump presidency.
The following briefly summarize some of the issues we will be examining in future posts:
Tax Reform and IRS Guidance. Trump’s plan to lower the corporate tax rate to below 20% will greatly reduce the tax equity market and lessen the incentive for investors to put their money into costly wind projects. We encourage tax reform to get underway as soon as possible, but before that happens, the administration should also review and revise the various IRS guidance notices governing the PTC “start construction” provision of .......................................