Senate Proposes Broader Energy Tax Package

[maddezmom]

By H. JOSEF HEBERT, Associated Press Writer
28 minutes ago

WASHINGTON - A package of energy tax breaks proposed in the Senate would give up to $2,400 to buyers of hybrid motor vehicles, subsidize the purchase of more efficient appliances and help pay for the development of clean coal technologies.


The $16 billion in tax incentives is double what was proposed in the House and would commit about $6 billion over 10 years to energy efficiency, conservation and promotion of alternative fuels. The House agreed to about $8 billion, with less than $500 million for efficiency and conservation, in the energy bill it passed in April.

The Senate Finance Committee was expected to clear the tax proposals, tentatively agreed to Tuesday, in a formal vote Thursday so they can be rolled into a broader energy bill that the Senate will debate over the next few weeks.

Senators also tentatively agreed to require refineries to use 8 billion gallons a year of ethanol, mostly from corn, as a gasoline additive, rebuffing attempts by some senators to reduce the requirement. Some details remained to be worked out on the ethanol provision before the issue comes up for a vote in the Senate, probably Wednesday.


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more: http://news.yahoo.com/s/ap/20050615/ap_on_go_co/senate_energy;_

[slor]

1. Damn...why do these fools always pass on...

Industrial Hemp!

[Trillo]

2. Why do corporations receive tax reductions

but the people receive breaks
only if they are patronizing and buying
something from a corporation?

[consuming]

3. Can't believe what GB gets away with!