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Whats the latest on the removal of the tax credits from the energy bill?

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Snotcicles Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-14-07 05:09 AM
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Whats the latest on the removal of the tax credits from the energy bill?
Is it true that Reid and Pelosi are moving toward taking away the tax credits for renewable energy installations?
This can't be true. Can it? Just when people are starting to invest in new ideas they want to jerk their incentive away.
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bananas Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-14-07 08:03 AM
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1. NYT has an editorial in Wednesday's paper
http://gristmill.grist.org/story/2007/11/13/215625/17

NYT sez: Don't gut it
New York Times supports renewables in energy bill
Posted by Brian Beutler at 10:46 PM on 13 Nov 2007

Just in time to be too late? The New York Times has some good advice for the congressional leadership:

The House bill requires utilities to generate 15 percent of their power from renewable sources like wind by 2020. Republicans, pressured by a few big utilities like the Southern Company, blocked a similar provision in the Senate. Almost two dozen states have already figured out that this is both good for the environment and good for the economy and have enacted renewable energy standards, which will create jobs, stabilize natural gas prices and reduce global warming emissions.

Yet this provision is in greater danger than any other of getting tossed overboard. Ms. Pelosi should insist that it remain in the bill and Mr. Reid should enlist the support of governors from those nearly two dozen states to change Republican thinking in the Senate.

rest of NYT article: http://www.nytimes.com/2007/11/14/opinion/14wed1.html?hp

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