Earth Talk: The ‘Production Tax Credit’ for renewal energy development

Roddy Scheer

Environmentalists and wind energy boosters breathed a sigh of relief this past January when Congress voted to reinstate the Production Tax Credit (PTC), a federal tax incentive for companies that generate renewable energy from wind, geothermal or “closed-loop” biomass (dedicated energy crops) sources.

Senate narrowly passes budget resolution

AFP

By one vote, the United States Senate was able to pass its first budget in four years. The 50-49 vote includes $1 trillion in new revenue by closing some tax loopholes on the wealthy. The passage is largely symbolic, since the vote was for a non-binding resolution that will no doubt clash with the budget resolution to be passed by the Republican-majority House of Representatives.