Senate Finance Committee Chairman Max Baucus, D-Mont., will convene a tax-reform hearing on Tuesday to discuss finding a long-term solution for the tax provisions that require frequent renewal, commonly called ‘tax extenders’ – an event that has the potential to bring up discussions regarding the fate of the production tax credit (PTC) for renewable energy projects.
At the hearing, Baucus and the witnesses will discuss how best to approach tax extenders in order to create certainty and allow businesses to invest confidently and create jobs. They also will evaluate tax extenders through the lens of tax reform, evaluating what role tax extenders should play in a reform process aimed at broadening the tax base, lowering rates and making the tax code fairer, simpler and more efficient, according to Baucus' press office.
