CQ TODAY MIDDAY UPDATE
Jan. 12, 2009 – 1:25 p.m.
Senators, Obama Team Discuss Doubling Energy Tax Credits in Stimulus
Democratic senators said after meeting with President-elect Barack Obama ’s advisers that progress is being made on an economic recovery bill, with lawmakers’ ideas in such areas as energy tax credits gaining traction.
Senators have emphasized that they would like to see the stimulus or recovery bill include more funding and tax breaks for renewable energy and conservation programs than the Obama team had originally proposed. To that end, several senators said discussions have moved from including $10 billion worth of credits in the package to $20 billion to $25 billion.
“They’re moving in our direction,” said Environment and Public Works Committee Chairwoman Barbara Boxer , D-Calif.
Charles E. Schumer , D-N.Y., and Energy and Natural Resources Chairman Jeff Bingaman , D-N.M., said part of the discussion on the energy provisions is whether it would be better to move at least some of the proposals as a separate bill.
Bingaman said his preference is to put as much as possible in the stimulus bill. “I think the general rule is to do all you can when you can,” he said.
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Comments
It would cost the equivalent of 60 cents a gallon to charge and drive an electric car.The electricity to charge the car could come from solar or wind generated electricity.If all gasoline cars,trucks,and suv's instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of N.D.This past year the high cost of fuel so seriously damaged our economy and society that the ripple effects will be felt for years to come.Why not invest in setting up some alternative energy projects on a national basis, create clean cheap electricity,create millions of badly needed new green collar jobs, and get out from under our dependence on foreign oil.What a win-win situation that would be. There is a great new book out called The Manhattan Project of 2009 Energy Independence NOW by Jeff Wilson. I highly recommend this book for anyone interested in alternative energy.
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