Pelosi Gets Win on Energy Tax Credit (Tax Deal) [View All]

[Clio the Leo]

PELOSI GETS WIN ON ENERGY TAX CREDIT, per a little bird: At a House Caucus meeting this week, Vice President Biden and members of the Obama economic team (Jack Lew and Gene Sperling) got an earful from Speaker Pelosi and some of her colleagues about the fact that despite a big push from the V.P., the Republicans had not agreed to put 1603 -- a popular tax credit for renewable energy and green jobs -- into the tax framework. Pelosi called it a “must change.” The administration urgently got the message to Senators Baucus and Reid that if there was one thing to add to the tax extenders for the House, it was 1603. Baucus and Reid -- who had also gotten a earful on 1603 from Senators Cantwell, Feinstein and Boxer -- were able to get Republicans to agree to 1603 at the last minute, giving Pelosi a big victory on green jobs -- and tangible proof that she had improved at least part of the tax framework that the administration had initially presented the House.

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