Cisneros Joins Letter to Urge House Democratic Leadership to Prioritize Clean Energy Tax Policies
WASHINGTON, DC – Representative Gilbert R. Cisneros, Jr. (CA-39), a member of the House Sustainable Energy and Environment Coalition (SEEC), the New Democrat Coalition, and the Congressional Progressive Caucus, joined his colleagues in a letter to House Democratic Leadership calling for the inclusion of clean energy tax policies in must-pass legislation this year. The urgency of the climate crisis requires the United States and nations around the world to advance climate policies as quickly as possible. The omnibus tax-extenders deal expected in the coming months is one of the best opportunities to pass proactive climate policies.
Cisneros and his colleagues wrote, “These outlined policies would go a long way in providing planning certainty for clean energy investments, furthering the advancement of clean energy across the country, and helping us strive towards and ultimately beyond our Paris Agreement commitments. In addition, these policies, along with others that ensure strong labor standards and incentives for domestic manufacturing, can help ensure American leadership in clean energy technology, drive domestic manufacturing, and support the creation and maintenance of good American jobs in the next generation of technology. With only a decade to take transformative action, we can’t miss a single opportunity to pass proactive climate policies.”
Specifically, the following policies outlined below should be included in must-pass legislation:
- Storage: Make energy storage eligible as a stand-alone technology for the Investment Tax Credit (ITC) and clarify the ITC to explicitly include energy storage technologies.
- Zero Emission Vehicles: Extend the tax credit for plug-in electric vehicles (EV tax credit).
- Offshore Wind: Give specific attention to the needs of offshore wind development by extending the 30 percent investment tax credit for offshore wind facilities through 2025.
- Investment Tax Credit (ITC) Extension: Provide a broad extension of the ITC for all qualified technologies at the current 30 percent rate and expand eligibility to wind power.
- Energy Efficiency: Extend the 179D deduction for energy efficient commercial and multifamily buildings, as well as extensions and updates for homeowner efficiency improvements and energy-efficient homes that reflect new technologies and changed market conditions.
“As hundreds of families are displaced and brave first responders risk their lives battling the raging wildfires across our state, it is more important than ever that we act to combat climate change,” said Rep Cisneros. “The United States must rise to the challenge and act as act as a global leader when it comes to protecting our climate. We must commit ourselves to finding solutions to rapidly address the threat of climate change and secure a clean future for our children.”
A signed copy of the letter can be found here.