After posting a few days ago that a deal might be near, a deal has been announced by House Speaker Ryan that will extend solar tax credits for five years in exchange for lifting the export ban on domestic oil.
Again, I am solely highlighting this because it relates to solar stocks, particularly SEDG for readers of this board. Via ABC News:
Congressional leaders and the White House have reached agreement on a massive year-end tax and spending package, House Speaker Paul Ryan told GOP lawmakers late Tuesday, urging support for the legislation that delivers GOP wins but also includes many Democratic priorities.
The package would fund the government through the 2016 budget year, raise domestic and defense spending, and increase the deficit by hundreds of billions of dollars by extending numerous popular tax credits without paying for them. It lifts the 40-year-old ban on exporting U.S. crude, a long-sought GOP goal that Republicans pointed to as their top win, and delays or suspends several taxes meant to pay for President Barack Obama’s health care law.
Democrats won five-year extensions of wind and solar credits and…
Read the whole thing at http://abcnews.go.com/Politics/wireStory/bargainers-resolvin…