Renewable Tax Bill Up for Vote This Week

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http://www.renewableenergyworld.com/rea/news/story?id=51662

Speaker of The U.S. House of Representatives Nancy Pelosi, House Majority Leader Steny Hoyer, and Ways and Means Committee Chairman Charles Rangel have released a statement on the Renewable Energy and Energy Conservation Tax of 2008 (H.R. 5351), which will be voted on in the House this week.

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"The bill extends and expands tax incentives for renewable electricity, energy and fuel, as well as for hybrid cars, and energy efficient homes, buildings, and appliances. It does not add to our deficit, but rather repeals $18 billion in tax subsidies for Big Oil companies. By strengthening our renewable energy sector, the bill will help create the next generation of good-paying, green collar jobs and bring down energy prices in the long term,” the statement said.

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