According to the Wall Street Journal, the push by the Democratic congress to pass a climate-savvy energy bill faces an uphill battle.Senate Democratic leaders face two floor fights this week over their energy bill, one led by auto makers that want to weaken proposed fuel efficiency standards and another pushed by the coal industry for tax incentives to make diesel fuel from coal.
Tomorrow, the Senate Finance Committee will decide another touchy issue: the cost of the tax provisions in the bill, which is intended to curb gasoline consumption and push cleaner fuels.
Committee leaders estimate the proposed package, which would extend existing tax breaks for producers of cleaner energy sources from wind-generated electricity to ethanol to diesel fuel made from chicken fat, will cost $13.7 billion over 10 years. That figure will likely rise as the bill works its way through Congress.
Tomorrow, the Senate Finance Committee will decide another touchy issue: the cost of the tax provisions in the bill, which is intended to curb gasoline consumption and push cleaner fuels.
Committee leaders estimate the proposed package, which would extend existing tax breaks for producers of cleaner energy sources from wind-generated electricity to ethanol to diesel fuel made from chicken fat, will cost $13.7 billion over 10 years. That figure will likely rise as the bill works its way through Congress.
IREJN is Connecticut's Interfaith Power and Light. Visit us at http://www.irejn.org/.
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