House to Debate on Tax Breaks in Energy Bill

Tomorrow the House will debate an energy bill, H.R. 1541, which includes provisions on tax breaks targeted for the energy industry. Last week the Ways and Means Committee approved $8 billion in tax breaks for the energy industry -- a number which is actually at odds with the Bush administration. The administration proposed $6.7 billion worth of tax breaks, with 72 percent of that amount going towards renewable sources of energy and energy efficiency. The House version passed by the Committee increases the tax cut by $1.3 billion and only allocates 6 percent of the money to go towards renewable and efficient sources of energy. Not only is this measure environmentally irresponsible, but it is also fiscally irresponsible. As Erich Pica of Friends of the Earth stated in this Washington Post article, "The energy bill is just another example of the House Republican leadership overreaching for corporate interests."
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