Monday, January 12, 2009

Center Supports Obama Energy Proposal In Stimulus Plan

The Obama administration is proposing $25 billion for energy tax credits in the economic stimulus package. The credits would include $8.6 billion for renewable energy projects such as wind and solar, efficient cars and biodiesel production. The energy portion of the stimulus package could also include:

1) Tax credits for service stations that install high ethanol content fuel.
2) A $7,500 tax credit for plug-in vehicles.
3) An extension of the biodiesel credit.
4) Credits for coal-fired poer plants that cut CO2 emissions by half.
5) Clean energy Credits for rural electric cooperatives.
6) Establishment of a federally funded National Clean Energy Lending Authority with $10-$20 billion.
The Center supports the energy plan and will work to have the package included in the stimulus package. (The Washington Post, 1/11/09)

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