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Energy and Tax Extenders Act of 2008
Bill of vote Energy and Tax Extenders Act of 2008 +
Billnumber H6049 +
Chamber 111th United States Congress + , U.S. Senate +
Congress number 110th +
Congressnumber 110 +
Drum Major Institute 2008 Senate Scorecard description Middle-class Americans are increasingly fe Middle-class Americans are increasingly feeling the effects of a misguided energy policy. The energy tax credit expansions and extensions in the Renewable Energy and Job Creation Act are part of a long-term strategy to alleviate high fuel costs, make the country more energy efficient, and ensure that the economy retains jobs in renewable energy and technology. Indeed, failure to extend energy tax credits for solar and wind power could result in the loss of 116,000 jobs. With the middle class already feeling the effects of weak employment, Congress must strengthen a renewable energy and energy efficiency industry that benefits both the environment and the economy. The Act’s unrelated changes to the child tax credit would directly benefit 12.9 million children of aspiring middle-class families coping with high food, fuel, and health care costs. Expanding the income floor for the credit means that very low-income families, who currently benefit less from the credit than higher-income families, will receive the support they need to make ends meet. Finally, the revenue-raising provisions of the Act not only make the legislation fiscally responsible, but make the tax code fairer by eliminating loopholes exploited by wealthy executives and multinational corporations. executives and multinational corporations.
Drum Major Institute 2008 Senate Scorecard position Aye +
Drum Major Institute 2008 Senate Scorecard source Http://www.drummajorinstitute.org/library/report.php?ID=87 +
League of Conservation Voters 2008 House Scorecard description H.R. 6049, the Renewable Energy and Job Cr H.R. 6049, the Renewable Energy and Job Creation Act of 2008, as reported by the Ways and Means Committee, extended the tax credits for wind and other renewable energies by one year, while also renewing several important research and development tax credits, and renewing the commercial and residential energy efficiency tax credits. This package was supported by over two hundred business, environmental, and utility groups. The tax credits would be paid for by delaying new interest allocation rules for multinational companies and changing the rules for taxing deferred compensation. Opponents maintained that loopholes closed by the bill amounted to tax increases. Representative McCrery (R-LA) sought to send the bill back to Committee with instructions that it be reported back without the offsets. Because conservative House Democrats would have resisted such a bill, this move was tantamount to killing the bill. The motion to recommit was rejected 201-220 (House roll call vote 343) on May 21. NO is the pro-environment vote. on May 21. NO is the pro-environment vote.
League of Conservation Voters 2008 House Scorecard position Nay +
League of Conservation Voters 2008 House Scorecard source Http://www.lcv.org/2008-pdf.pdf +
League of Conservation Voters 2008 Senate Scorecard description A broad coalition of businesses, construct A broad coalition of businesses, construction companies, environmental organizations, investors, labor groups, trade associations and utilities agree that the single most effective measure to increase the use of clean renewable energy and energy efficiency is to extend and expand the present set of clean energy tax credits that are due to expire at the end of 2008. Energy experts maintain that extending the credits could save as many as 117,000 existing jobs and generate an additional $19 billion in domestic clean energy investment. On June 17, the Senate voted to move forward on H.R. 6049, the Renewable Energy and Job Creation Act of 2008, which had passed the House on May 21 by a margin of 263-160. This bill would have extended dozens of expired or soon-to-expire tax provisions for one year, including tax credits for research, investment in solar and fuel cells, and the production tax credit for wind and other renewable energy sources. The tax credits would be offset by closing various corporate loopholes. The majority of Senate Republicans maintained that there was no need to offset — pay for — extending existing tax credits, calling that move tantamount to a tax increase. In contrast, many conservative House Democrats insisted that all tax credits be fully paid for — a position the House leadership subsequently adopted. the House leadership subsequently adopted.
League of Conservation Voters 2008 Senate Scorecard position Aye +
League of Conservation Voters 2008 Senate Scorecard source Http://www.lcv.org/2008-pdf.pdf +
Modification date
National Journal 2008 House Scorecard description Extend numerous expiring tax provisions, including for renewable fuels, with budgetary offsets. May 21. (263-160)
National Journal 2008 House Scorecard source Http://www.nationaljournal.com/njmagazine/cs 20090228 4813.php +
National Journal 2008 Senate Scorecard description Extend numerous expiring tax provisions, including for renewable fuels, with budgetary offsets. May 21. (263-160) , Offset a reduction in the alternative minimum tax with tax increases on businesses. September 23. (53-42; 60 votes required for passage because of a unanimous consent agreement)
National Journal 2008 Senate Scorecard position Nay +
National Journal 2008 Senate Scorecard source Http://www.nationaljournal.com/njmagazine/cs 20090228 4813.php +
Roll call number 343 + , 344 + , 147 + , 150 + , 203 +
Scorecard vote League of Conservation Voters 2008 House Scorecard + , National Journal 2008 House Scorecard + , National Journal 2008 Senate Scorecard + , Drum Major Institute 2008 Senate Scorecard + , League of Conservation Voters 2008 Senate Scorecard +
Session number 2 +
Categories Economic Policy (U.S.)  + , U.S. legislation  + , Record votes  +
hide properties that link here 
Energy and Tax Extenders Act of 2008 + , U.S. House of Representatives record vote 343, 110th Congress, Session 2 + , U.S. House of Representatives record vote 344, 110th Congress, Session 2 + , U.S. Senate record vote 147, 110th Congress, Session 2 + , U.S. Senate record vote 150, 110th Congress, Session 2 + , U.S. Senate record vote 203, 110th Congress, Session 2 + Bill of vote
 

 

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