On July 18, Sen. Tom Coburn (R-OK) unveiled Back in Black: A Deficit Reduction Plan, a purported $9 trillion deficit reduction plan offered which includes cuts to $962 billion of wide-ranging tax expenditures over ten years. This includes what the Senator called a number of “misdirected energy tax preferences,” and renewable energy tax credits in particular. The renewable electricity production tax credit will cost $14 billion over the next ten years and would be cut under Coburn’s plan.
Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.
RegisterIf you have any questions about the service please contact customerservices@lexology.com or call Lexology Customer Services on +44 20 7234 0606.
Coburn plan calls for $1 trillion purge of tax expenditures
- Mintz Levin Cohn Ferris Glovsky and Popeo PC
- David Leiter and Daniel Phillips
- USA
- July 24 2011
-
If you are interested in submitting an article to Lexology, please contact Andrew Teague at ateague@lexology.com.
Jennifer Miller
Senior Legal Counsel, Bankwest Business
Bank of Western Australia Ltd
