Morning Action: The Wind Energy Tax Credit Needs to Go
WIND PTC. A coalition of organizations, including Heritage Action, has sent a letter to Congress calling on them to let the wind energy tax credit to expire.
Over the past 20 years, American taxpayers have seen little return from the forced investment in wind energy. This handout consistently fails to deliver on its promise of long-term job creation, economic activity, and affordability. It promotes favoritism in the energy marketplace, threatens the reliability of the electric grid, and a 1 year extension costs $12 billion over 10 years.
WATER BILL. House appropriators will unveil their energy-water bill today (sub. req’d):
The House Appropriations Committee is expected to release the draft text of its fiscal 2015 Energy-Water spending bill at about 8:45 this morning, 24 hours before the Energy-Water subcommittee meets to mark up the $34 billion spending measure.
One of the biggest new issues to keep an eye on this year is whether House appropriators choose to address the EPA’s recently announced carbon limits for existing power plants via the Energy-Water bill.
As we wrote last week, the Interior-Environment spending measure will likely be the biggest target for the rule’s congressional opponents looking to curtail the standards, since the measure funds the EPA.
DODD-FRANK. Dodd-Frank agencies and regulatory bodies will be targeted for new restrictions under legislation being advanced this week (sub. req’d):
The House Financial Services Committee will take up more than a dozen bills at a markup Tuesday, with most targeting the Financial Stability Oversight Council and Consumer Financial Protection Bureau.
One bill would place a six-month moratorium on the FSOC’s ability to designate nonbank companies as systemically important financial institutions, a label that brings with it heightened supervision and regulation from the Federal Reserve.
Another measure (HR 4387) would require the FSOC to meet in open session far more frequently and would place a new hurdle before FSOC action by requiring the individual agencies to vote on an issue before it could come to the full council for approval.
OBAMACARE. Problems surrounding Obamacare continue to pile up, both for the Obama Administration and for those trying to get insured:
Vast discrepancies in data on Obamacare enrollees could put at least 2 million newly insured Americans at risk, according to a government report provided to Associated Press.
Officials found data from application forms not matching what was in federal records, which could affect how much consumers pay for their health plans or if they are even legally eligible for benefits, AP reported. It suggested the final number of enrollees affected could be higher.
LANDRIEU. Sen. Mary Landrieu (D-LA) is making an appearance at a coal plant to express her opposition to President Obama’s treatment of the coal industry (sub. req’d):
Sen. Mary Landrieu will head to a coal-fired power plant tomorrow to emphasize her opposition to President Barack Obama’s new plan to take a big whack at coal as part of his plan to cut carbon emissions and tackle climate change.
The vulnerable Louisiana Democrat will head to the Big Cajun II coal-fired power plant in New Roads, La., according to a press release.
She’ll “meet with plant workers, take a tour of the facility and hold a roundtable discussion with power industry leaders from across Louisiana.”