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Economic Outlook Still Bad from Green Energy
By: Thomas Tanton
2.19.2008
Rep. Charles Rangel (D-N.Y.) introduced a bill last week to yet again extend a number of clean-energy tax breaks. The “Renewable Energy and Energy Conservation Tax Act of 2008” is modeled on the credit extensions originally in last year’s omnibus energy bill. The new bill, HR 5351, includes a three-year extension of the production tax credit for wind and other renewable energy sources brought on-line through the end of 2011. The measures would cost $7.19 billion over the next 10 years, according to a bill summary published by the House Ways and Means Committee.
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Whose Economy?
By: Thomas Tanton
2.4.2008
The Senate Finance Committee has put forth changes to the economic stimulus package developed by the House and President Bush. One of those changes is to extend for another year (through 2009) the Production Tax Credit (PTC) for certain renewable energy technologies. The primary beneficiary of the PTC is wind. Does continuation of the PTC help stimluate the economy of the U.S.?
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