Congressman Tom Reed (R-Corning) will focus on tax incentives for new energy technologies in a pair of town hall sessions scheduled this weekend.
The meetings will be held January 25th at the Tyre Municipal Building, located at 1082 Gravel Road from 10:30 to 11:30 a.m. and the Italy Town Hall, located at 6060 Italy Valley Road from 2 to 3 p.m.
“Our climate is changing. There is no denying this. We must unleash the greatest asset we have available to prevent this pending crisis — the power of American ingenuity and innovation,” Reed said in a press release. “This tactic has proven time and time again to solve world problems — and this situation will be no different. By offering a tax incentive for new energy technologies we will increase energy on the grid, ensure unneeded energy is not financially rewarded and thus unnecessarily produced, help cutting-edge technologies break into the market, incentivize older energy sources to innovate and slash global emissions.”
The credit is viewed as a way to allow cutting-edge technologies enter the market, and would be phased down as they become commercially viable.
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