Finance leaders seek to extend wind, solar, other incentives America’s energy, economic future: “Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Chuck Grassley (R-Iowa) today unveiled energy tax legislation that they intend to bring to the Senate for consideration this month. The Finance tax measures seek to reduce America’s dependence on foreign oil and create good-paying, homegrown, clean energy jobs by providing credits and incentives to facilitate independent energy solutions. These include the production and use of wind and solar energy, biofuels, and carbon sequestration technologies. Provisions in the bill improve transportation and domestic fuel security, as well as conservation and energy efficiency. The cost of the package is offset in part with reductions in tax breaks for major oil and gas companies. The tax offsets in the package are used entirely for tax relief.”