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House Shifts $16 Billion In Tax Breaks From Big Oil To Renewable Energy

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one...two...tree Grand Master

one...two...tree   2,762

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Filed: Country: Philippines
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The U.S. House of Representatives on Saturday passed a Democratic rewrite of U.S. energy policy that strips $16 billion in tax incentives away from Big Oil and puts it toward renewable energy sources like wind and solar power.

The 786-page bill, passed in a rare Saturday vote, was a top priority for House Speaker Nancy Pelosi, and is an amalgam of bills assembled by about a dozen of the chamber's committees in recent months.

http://www.huffingtonpost.com/2007/08/04/h...n-_n_59179.html

Reba Experienced

Reba   2

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and yet they leave the auto-makers alone still.

Well, its a step I guess.

divorced - April 2010 moved back to Ontario May 2010 and surrendered green card

PLEASE DO NOT PRIVATE MESSAGE ME OR EMAIL ME. I HAVE NO IDEA ABOUT CURRENT US IMMIGRATION PROCEDURES!!!!!

one...two...tree Grand Master

one...two...tree   2,762

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A 786-Page-Pork-Filled-bill...:wacko: thats encouraging....

Were you spoonfed that rhetoric or did you actually make it up yourself?

Did that make you feel better? :huh:

Nope. I'm curious what source you read this from? Talk radio? What else do you know about the bill?

Heracles Grand Master

Heracles   417

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What about the use of Nuclear power? Certain groups seem to be against that as well; even though the rest of the world is building more nuclear plants with the goal of providing power with extremely low greenhouse emissions.

No renewable energy is commercially viable in a country of 300 million. Hundreds of miles of land would need to be occupied to produce a decent amount of power from technologies such as wind or solar power.

Edited by Boo-Yah!

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

Heracles Grand Master

Heracles   417

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This is the sort of stuff the government should be pushing.. I decent grant could take this technology a long way.

http://www.teslamotors.com/

According to the Internal Revenue Service, the 400 richest American households earned a total of $US138 billion, up from $US105 billion a year earlier. That's an average of $US345 million each, on which they paid a tax rate of just 16.6 per cent.

  • 2 weeks later...
Hilarious Clinton Grand Master

Hilarious Clinton   452

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What about the use of Nuclear power? Certain groups seem to be against that as well; even though the rest of the world is building more nuclear plants with the goal of providing power with extremely low greenhouse emissions.

No renewable energy is commercially viable in a country of 300 million. Hundreds of miles of land would need to be occupied to produce a decent amount of power from technologies such as wind or solar power.

Yes. Nuclear power AND renewable energy. A powerful combination. We just need to educate the unwashed.

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies."

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006



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