House Debates Energy Bill-Divided Over Renewable Energy Tax Credits

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08:07:15 am on September 26, 2008


The Senate just passed an energy bill that would renew the investment tax credits for renewable energy. Those credits are set to expire at he end of the year, and they are vital to encouraging investment in renewable energy technologies. Now,  reports that the House is debating a second version of the bill, different from the Senate’s in that it increases taxes to pay for the credits. The legislation is being rewritten and comes back up for a vote today. . Hopefully, the House will approve the Senate’s version of the bill, as Senator’s are not sure they can get in another vote before adjourning.

Again, these tax credits are tremendously important. The article notes that "Lawmakers’ dithering on renewing the tax credit has a chilling effect on the industry and makes investors reluctant, wind energy advocates said.

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