Dear Senator Baucus:
The undersigned companies, representing a broad cross section of the U.S. business community and hundreds of thousands of U.S. jobs, request that the Senate take action during the current work period to extend tax provisions that expired at the end of 2007 or will expire at the end of
2008.
The House of Representatives last month passed a tax extenders package included in H.R. 6049, the Renewable Energy and Job Creation Act of 2008, which provides a good starting point for Senate consideration. In April, Senate Finance Committee Chairman Baucus and Senator Grassley introduced S. 2886 containing a tax extenders package, including a critical increase in the Alternative Simplified Credit to spur R&D jobs in the United States. Swift action is now needed by the Senate to enact a tax extenders package that will bring significant positive benefits to the U.S. economy.
Important tax provisions, including the R&D tax credit and the deduction for state and local sales taxes, have already expired. Others, including critical renewable energy incentives, the Subpart F active financial services and look-through rules, the New Markets Tax Credit, and the incentive for domestic film production, expire at the end of this year. Large tax increases would fall on American companies and American workers if the expired and expiring provisions are not extended.
Failure by Congress to move quickly to extend these important provisions will bring investment in renewable energy and energy efficiency projects to a standstill, make it more difficult for U.S.
companies to invest in critical R&D projects in this country, reduce private sector investment in business and economic development projects in distressed areas, and force many U.S.-based financial institutions to suffer a massive tax increase at a time when they can least afford it.
Failure to act this summer on tax extender legislation will have significant negative consequences for the U.S. economy. The value of the legislation to the U.S. economy and the need to act quickly at this critical time should be the dominant considerations.
We look forward to working with you on this important legislation and urge action during Congress' June legislative session.
Sincerely,
A. O. Smith Corporation Abbott Laboratories Abengoa Solar Advanced Hydro Solutions Advanced Micro Devices, Inc.
Advantage Capital Partners AEE Solar, Inc.
AES Wind Generation Affymetrix, Inc.
Agilent Technologies, Inc.
Agility Design Solutions Inc.
AGP Agrilectric Power Air Products and Chemicals, Inc.
Akeena Solar Allergan, Inc.
Alliant Energy AltaTerra Ltd.
Alterra Bioenergy Altria Group, Inc.
AMD Ameren Corporation Ameresco American Electric Power American Express Company American International Group, Inc.
American Solar Electric, Inc.
Apple Inc.
Applied Material, Inc.
Apricus AstraZeneca Pharmaceuticals LP AT&T ATAS International, Inc.
ATEECO, INC Atlantic City Electric Autodesk, Inc.
Avaya Inc.
Avista Corporation AWR, Inc.
BAE Systems, Inc.
Ballard Power Systems Bank of America The Bank of New York Mellon Corporation Batesville Tool & Die, Inc BioEnergy Systems, LLC Biogen Idec Biomass One, LP BioSelect Fuels Bloom Energy Corporation Blue Sky Energy, Inc.
BMC Software The Boeing Company Bommer Industries, Inc.
Boralex Inc.
Borel Private Bank & Trust Company BP America Brookfield Renewable Power Brunswick Corporation Butler Sun Solutions CA, Inc.
CAB Incorporated Cadence Design Systems, Inc.
California Micro Devices Case New Holland Inc.
Cassatt Corporation Caterpillar Inc.
Central Vermont Public Service Corporation Cepheid Inc.
Certess, Inc.
CH Energy Group, Inc.
Chelan County Public Utility District The Chubb Corporation Cisco Systems, Inc.
Citigroup, Inc.
Click Bond, Inc.
CMS Energy Corporation Coca-Cola Company Coherent, Inc.
Colmac Energy, Inc ConAgra Foods, Inc.
Constellation Energy Construction Navigator, Inc.
Con-Way Coulomb Technologies Covanta Cummins Inc Cymer, Inc.
Decker Energy International Deere & Company Deeya Energy, Inc.
Delmarva Power Devine Tarbell & Associates, Inc.
DG Fairhaven DIAB DNV Global Energy Concepts Dominion The Dow Chemical Company DTE Energy Duke Energy Eaton Corporation EDS Electronics for Imaging Eli Lilly and Company Empire Broadcasting Corp.
The Empire District Electric Company Energy Conversion Devices Energy East Corporation Energy Innovations Energy Unlimited, Inc.
Engineering DataXpress, Inc.
Envision Solar International, Inc.
EPV Solar, Inc.
EV Solar Products, Inc.
Exelon Corporation Extol International, Inc.
Fairchild Semiconductor Corporation FileMaker, Inc.
First Wind FirstEnergy Corp.
FlowVision, LLC Ford Motor Company FPL Group Fredon Corporation GE Energy GE Energy Financial Services Genentech General Electric Corporation General Motors Corporation Genworth Financial Gilead Sciences GMAC, LLC Goldman Sachs Goodrich Grant County Public Utility District Great Plains Energy, Inc.
Green Earth Fuels, LLC Green Mountain Power Corporation Griffin Realty Advisors groSolar Harley-Davidson Motor Company Hawaiian Electric Company HCI Publications Hewlett-Packard Company Hitachi Global Storage Technologies Honeywell Hospira, Inc.
Hydra-Tech Pumps Hydro Consulting & Maintenance Services, Inc.
Hydro Green Energy, Inc.
i2 Technologies iControl Incorporated Imperium Renewables Inc Independent Energy Systems Innovalight Intel Corporation Inter-Island Solar Supply International Business Machines Corporation Interstate Power and Light Intevac, Inc.
Jan Medical Jasper Design Automation, Inc.
JDS Uniphase Corporation Johnson & Johnson Johnson Controls JPMorgan Chase & Co.
Juniper Networks, Inc.
Key Bank KLA-Tencor Corporation Kovio, Inc.
KPMG, LLP Lam Research Corporation The LeverEdge LibraryWorld, Inc Lincoln Financial LM Glasfiber Lockheed Martin Louis Dreyfus LSI Corporation Lynguent, Inc.
Macrovision Solutions Corporation Mainstream Energy Corporation Maxim Integrated Products McCormick & Company, Inc.
Mead and Hunt MedImmune LLC MEDRAD Merck Merrill Lynch MetricStream, Inc.
Microsoft Corporation Minnesota Power Mitsubishi Electric Monsanto Company Mortenson Construction MSE Power Systems, Inc.
National Grid National Semiconductor Corporation Nelson Energy NetApp NetLogic Microsystems, Inc.
New Leaf Paper News Corporation Northrop Grumman Corporation NorthWestern Energy Novellus Systems, Inc.
Novo Nordisk Inc.
oDesk Corporation OGE Energy Corporation Oracle Organic Fuels Otter Tail Corporation Owens Corning Pacific Winds Inc.
Palm, Inc.
Palmer College of Chiropractic Pepco Holdings, Inc.
Pfizer PG&E Corporation Plan it Solar PNM Resources, Inc.
Polycom, Inc.
Portland General Electric PPG Industries PPL Corporation Precision Machine & Supply, Inc.
Primary Power International Procter & Gamble Progress Energy Proto Services, Inc.
PSEG Puget Sound Energy Q-Cells Rath, Young and Pignatelli, P.C.
Raytheon Company Real Intent, Inc.
REC Solar, Inc.
ReGrid Power Renegy, Inc.
Renewable Energy Group (REG)
Renewable Power Solutions Inc.
Rinnai Tankless Water Heater Corporation RMT - WindConnect Rockwell Automation Rockwell Collins sanofi-aventis U.S. Inc.
Sanyo SCHOTT Solar, Inc.
Seagate Technology SEALED AIR CORPORATION Siemens Corporation Sierra Pacific Resources Simpson Investment Company SkyFuel SolarCity SolarWorld California SOLEC SolFocus Solvay Pharmaceuticals Spansion, Inc.
Specialized Bicycles Steel-Fab, Inc.
The Stella Group, Ltd.
Stellar Solutions, Inc.
Stratex Energy, LLC Sun Edison SunEarth, Inc.
SunPower Corporation Suntech SVB Financial Group Synopsys, Inc.
Tagent, Inc.
Teradata Corporation Tessera, Inc.
Texas Instruments Textron, Inc.
Thermal Designs, Inc.
Third Sun Solar and Wind Power, Ltd.
The Timken Company TPI Composites TransCanada Hydro Northeast, Inc.
Trimble Navigation Limited Truseal Technologies, Inc.
Tupperware UniSource Energy Corporation United Solar Ovonic United Technologies Corp.
VentureLoop, Inc.
Verari Systems, Inc.
Wachovia Corp.
The Walt Disney Company Watt Stopper/Legrand Westar Energy, Inc.
Western Renewables Group Whirlpool Corporation Wind Capital Group, LLC Wisconsin Power and Light Wood's Powr-Grip Co., Inc.
World Energy Wyeth Xcel Energy Inc.
Xerox Corporation Xilinx, Inc.
Xoft, Inc.
Zimmer, Inc.
Source: Ranking Member’s News
