Congress Should Keep Its Promise to End Energy Subsidies

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Heritage Foundation

As Americans work to file their taxes, Congress is setting to work on a package of expired tax credits this spring to enrich a few energy technologies at the expense of federal taxpayers.

Sens. Charles Grassley, R-Iowa, and Ron Wyden, D-Ore., of the Senate Finance Committee last week introduced a bill that would retroactively renew 26 tax credits that expired at the start of 2018.

The Grassley-Wyden bill would carry those tax credits through 2019 even though they were intentionally left out of the Tax Cuts and Jobs Act and past omnibus spending deals. 

Called the Tax Extender and Disaster Relief Act of 2019, the legislation carves out favors for a few odds and ends such as race horses, motor-sports complexes, and medical expenses.