White House Plan Would Increase Clean Energy Tax Credit

[TomCADem]

Source: NY Times

WASHINGTON — The White House is proposing to expand by $5 billion a clean energy tax credit, as part of a push to spur job growth.

The proposal, unveiled Wednesday by the office of Vice President Joseph R. Biden Jr., is the latest Obama administration effort to tackle the high level of joblessness, while also encouraging investment in wind, geothermal and solar projects in the United States.

Senior administration officials said that they expected to move the proposal through Congress quickly. The $5 billion would raise the cap of the present program, enacted last February, to $7.3 billion from $2.3 billion.

Administration officials and their Democratic allies on Capitol Hill said that the expansion was necessary because the initial program was successful. The administration received more than 1,000 applications. Of these, 600 were deemed acceptable, but a smaller number were approved because of the cap on the amount of money available.

Read more: http://www.nytimes.com/2009/12/17/business/energy-environment/17obama.html

[Teaser]

1. just another scam by the Hitler of America

right, guys?

[mitchtv]

2. let's just say

wake me when it happens

[Teaser]

3. I just wish he'd stop murdering gypsies

.

[the hawk]

4. clean energy tax credit

I'm so barely new here - the Obama threads are so depressing!

I bought a windmill from I think Skystream a couple of years ago. Shit where I live it runs
most all of the electricty plus the water pump from our well. Pretty much off the grid.
Everyone says I'm so green. Sorry just cheap! I't costs some bucks though and I just don't
know how many people could afford it these days
Regards

[jaksavage]

5. Welcome

and congrats on your energy decisions.
I just put up 4kw of solar panels.