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A more technology-neutral approach to energy tax policy could streamline a heap of complicated, targeted incentives in the code and attract enough private investment to phase out the subsidies in a predictable, timely way, according to sources working in the sector. Witnesses at a recent House Ways and Means panel hearing first floated the idea of technology neutrality, which they said would allow the marketplace to choose—rather than the Internal Revenue Code to predetermine—winners and losers in the energy arena.
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