Friday, May 09, 2008

How To Explain $3.49 A Gallon

Congressman Blunt to Conduct Roundtable Discussion on Gasoline Prices
Monday @ 3:30 p.m.
Southern Missouri Containers on 900 North Belcrest
Also today, Congressman Roy Blunt called on Congress Friday to extend tax credits for clean energy alternatives.
“If this country has any hope of achieving true ‘energy independence’ over the next generation, it’s going to take more oil, more natural gas, more coal, and more nuclear – but also a strong commitment to renewable and alternative energy sources that can be found right here in Missouri,” said Blunt. “It’s vital for Congress to stand behind these tax credits as a catalyst for clean, reliable and domestic forms of energy.”

The bill is called the Clean Energy Tax Stimulus Act of 2008, and it appears to have bi-partisan support. Specifically, the bill would extend tax incentives such as the production credit for electricity produced from wind, biomass, hydropower, and geothermal. The legislation additionally includes a 30 percent investment credit for businesses that install solar or fuel cell equipment, according to Blunt's office.

The bill also extends energy efficiency programs that give homeowners tax credits for installing energy efficient furnaces, windows and insulation to make their homes more efficient. For home builders, the legislation rewards contractors for going the extra mile to build more energy efficient homes. And for businesses, the bill helps small and medium-sized firms make energy efficient improvements to commercial buildings.

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