Green Interests Anxiously Await Conference of House and Senate Stimulus Bills. Bloomberg News, February 10, 2009. "The Senate cleared a procedural hurdle yesterday by voting 61 to 36 to end debate on the measure, with three Republicans siding with Democrats. Senate approval of the $838 billion stimulus measure [will] force the two chambers to work out their differences... The Senate is more generous to automakers and homebuilders than the House was in the $819 billion measure it passed last month... Companies that make wind turbines, solar panels or advanced lighting are hoping for final passage of the House measure, while those that want to make electric cars or build clean coal or nuclear plants prefer the Senate bill... The House bill includes grants from the Energy Department for sponsors of renewable energy projects equaling 30 percent of costs. Existing tax breaks pay out only after a project is financed... The Senate bill would include tax breaks for buyers of plug-in hybrid vehicles, and a manufacturers' tax break to help offset the cost of building them. The Senate bill also includes $50 billion in loan guarantees that can be used for nuclear power plants. The House measure has no such provisions."
2009-02-10
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