On the recordDecember 19, 2013
before he leaves the floor, I commend my colleague from New York for a very fine statement. He and I sit next to each other on the Finance Committee, and we are going to be working very closely together on these issues. I have long felt that the best choice in terms of looking at these tax issues is comprehensive tax reform. The reality is the Tax Code in America is a dysfunctional mess. It is 100 years old at this point. I think it is pretty fair to say it looks its age every year. When it comes to energy--and clearly a lot of Senators on both sides of the aisle have done a lot of work on this--my preference would be Congress would simplify the various energy provisions, replace the dozens of separate incentives for each energy technology with fewer technology-neutral, performance-based incentives that bring us to a more level playing field in the energy area--a more level playing field, and one where there would be certainty for those who are going to do the innovation--those in New Jersey, Oregon, and elsewhere, who have those kinds of breakthrough innovative ideas and who are telling us that they badly need to get off this roller coaster of extenders and have some real predictability for the important innovative work that needs to be done.…





