After two months of delay, the Obama Administration released its proposed 2014 budget on April 10. The 244-page document outlines the President’s spending priorities for the coming fiscal year. The proposal calls for $1 trillion in government-wide savings, while also proposing $580 billion in new taxes. While the President supports revenue-neutral corporate tax reform, he said such reform should be done separately from the effort his budget makes toward reducing the deficit with new tax revenues.

The budget outlines several broad goals for clean energy...