Post by
alleyesonme on Jun 11, 2021 12:16am
Dems ready to pass infrastructure bill.
Through the budget reconciliation process democrats only need a simple majority, which they have. According to the chair of the finance Committee, chair Wyden. (the committee who funds federal spending), they are prepared to move forward as the bi-partisan committee is too far apart...quote..."a complete pass on climate change (from Republicans). for the first time in a hundred years the finance committee has passed comprehensive clean energy legislation. What we did is we took the 44 breaks in the tax code for energy and threw them in the trash and then, we would now have one for clean energy, one for clean transportation, and one for energy efficiency. that's the future, this bi-partisan idea doesn't have anything on climate and I think it's a non starter"...>.end quote chair Wyden... Corporate tax rates will increase with the exception of the three above mentioned sectors. The businesses operating in these sectors like UGE will continue to have unprecedented tax relief for another 10 years and the new ability (direct pay) to receive their tax liabilities as a direct payment through the IRS when requested ...... (Mainly continue to use tax equity investor as their tax liabilities are low resulting from low revenue at this stage..).... This money helps fund projects to decrease the borrowed amount to develop/build.......Extending the period 10 more years.......investors like certainty and this brings it.....All other sectors of the U.S will see a corporate tax increase....... Once this spending bill is pushed through I think sentiment will begin shifting drastically in favor of clean stocks. UGE and it's shareholders will prosper...with only 31.9m shares issued and 43%, and growing inside ownership our shares will inevitably be very valuable. Hold them close and don't get spooked from senseless panic.