fossil fuel
energy bills 2008
what's up
With gas prices surging and clean energy all the rage, energy policy is a perennial target in Congress.
In 2007 lawmakers passed a bill to hike up gas mileage standards, give an extra boost to ethanol production and phase in other efficiency standards. This year Congress has batted around a number of bills to make a dent in prices at the pump, but political grandstanding during an election year has so far doomed any bill from becoming law.
green tax incentives
The Senate blocked a measure last year that would extend and expand incentives for green energy; the sticking point being that it would've been paid for by rollbacks on tax breaks for big oil.
The House passed a similar bill in February '08 - with the same deal-killer of oil tax hikes. Below is a snapshot of what's in the bill.
Tax credit would include:
issue guide: Global Warming
Links
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