Tuesday, February 19, 2008

Bush signs econ stimulus plan MINUS green incentives

According to www.grist.com 's weekly email listserv:

President Bush signed an economic stimulus bill last week, meaning you may have a check winging your way after tax time. Not included in the bill: clean-energy incentives and green-job boosting, which were dropped from the Senate version after narrowly failing to get enough votes. Undeterred, Democrats in the House of Representatives have introduced legislation to extend said incentives, providing tax breaks for investments in energy efficiency and solar, wind, and geothermal power at an expected cost of $17.5 billion over 10 years. It would be financed mostly by repealing some $13.6 billion in tax breaks currently enjoyed by crazy-rich oil and gas companies. The legislation passed committee last week, and may be taken up by the full chamber this week. There's reason to hustle: Some current clean-energy incentives will expire at the end of this year if they're not renewed.