WASHINGTON – The devastating situations in Jackson, Miss., Flint, Mich., and different cities display the necessity for modifications in federal tax coverage to deliver a few fairer, extra equitable and cleaner nation, an NRDC professional is telling lawmakers at the moment.
Khalil Shahyd, a senior coverage advisor for fairness, setting and simply communities at NRDC (Pure Assets Protection Council), is testifying earlier than the Home Methods and Means Committee on the overlapping crises dealing with cities and their residents.
“Congress has the prospect to assist alleviate a few of these crises, by using the tax code to restore and improve infrastructure, assist power environment friendly, wholesome and inexpensive housing, deploy extra clear power and clear autos, and be certain that good jobs are unfold throughout our society,” he mentioned.
Shahyd highlighted quite a lot of particular tax modifications obligatory, together with:
- Renew tax credit for power environment friendly new houses (part 45L of the tax code), and for present dwelling power retrofits (part 25C);
- Couple renewable power and power effectivity tax incentives with the Low-Revenue Housing Tax Credit score;
- Present a long-term, full-value extension of the Manufacturing Tax Credit score and Funding Tax Credit score, whereas establishing ITC credit for transmission strains and power storage and making certain that these credit will be utilized utilizing a direct pay possibility;
- Develop, prolong and get rid of the automaker cap for the electrical automobile tax incentive, whereas upgrading the charging incentive.
NRDC (Natural Resources Defense Council) is a global nonprofit environmental group with greater than three million members and on-line activists. Since 1970, our attorneys, scientists, and different environmental specialists have labored to guard the world’s pure assets, public well being, and the setting. NRDC has workplaces in New York Metropolis, Washington, D.C., Los Angeles, San Francisco, Chicago, Bozeman, MT, and Beijing. Go to us at www.nrdc.org and comply with us on Twitter @NRDC