Max Baucus: “This bill contains a robust energy package, with about $17 billion in incentives for alternative energy, for efficiency…”

“This bill contains a robust energy package, with about $17 billion in incentives for alternative energy, for efficiency, and for clean coal. This package is important for our environment, for energy security, and to facilitate the transition to a carbon-controlled economy. It extends expiring individual provisions. These include the teacher expense deduction and the qualified tuition deduction. The bill also extends expiring business provisions. These include the research and development tax credit and the active finance expensing provision. These business provisions help keep America competitive in the global economy. These business provisions help maintain and create jobs. If these individual and business provisions are not extended, millions of families and businesses would have a huge tax increase. This is all paid for with two revenue raisers that no one has a problem with, revenue raisers that are sound tax policy.”