Friday, June 27, 2008
The Renewable Energy and Job Creation Act of 2008
AAEA is supporting The Renewable Energy and Job Creation Act of 2008 (H.R. 6049), which extends for another eight years the investment tax credit for installing solar energy, extends for one year the production tax credit for producing wind power and for three years the credits for geothermal, wave energy and other renewables. The bill is sponsored by House Ways and Means Committee Chairman Charles Rangel (D-NY), right, and passed in the House of Representatives on May 21, 2008 with 263 Ayes, 160 Nays, 12 Present/Not Voting.
Unfortunately, the bill has stalled in the Senate being unable to invoke cloture: Jun 10, 2008 failed a cloture motion, preventing consideration of the bill with 50 Ayes, 44 Nays, 6 Present/Not Voting. Jun 17, 2008 failed a cloture motion, preventing consideration of the bill with 52 Ayes, 44 Nays, 4 Present/Not Voting.