Political Quotes

“Mr. President, I wish to enter into a colloquy with the senior Senator from South Carolina in regards to the bipartisan efforts to extend the investment tax credits for advanced energy technologies. As you know, the investment tax credit incentives for fuel cells and other small alternative-power technologies--including microturbines, combined heat and power, small wind, and thermal energy--in section 48 of the Tax Code expires at the end of this year. These advanced energy technologies are finally transitioning from development to commercialization and are playing a critical role in making energy in this country more resilient, reliable, and less vulnerable to fuel price hikes. For example, fuel cells, which I know well from being produced in my home State of Delaware, are already being used to provide reliable power to first responders, manufacturers, and retail companies. Fuel cells ensure critical facilities continue to have electricity, even when grid power is unavailable. Fuel cells are U.S. invented, U.S. manufactured, and run on U.S. natural gas. This technology is a win-win for energy security, job growth, and the economy. As you can imagine, these emerging alternative-energy companies require predictable tax credits beyond the end of 2016 for R&D, capitalization, and cash flow reasons.…”