From an article in today's Wall Street Journal titled "Solar Firms Wait on Tax Credit":
The House of Representatives passed legislation in May to extend the solar-investment tax credit through 2014. A bill pending in the Senate includes an 8-year extension, through 2016. Both bills would raise the cap on the residential tax credit to $4,000 from $2,000 per year.So to recap the GOP position on the economy and energy independence:
The solar tax credits are widely supported, but Senate Republicans have blocked the broader tax bill because they object to Democrats' use of loophole-closers and tax increases to offset the cost of tax incentives for renewable energy and other tax cuts.
• Say you support energy independence but block legislation aimed at achieving it
• Say you support alternative energy but block legislation that promotes it
• Say you want to create jobs but block legislation that provides high paying green jobs
• Say you are concerned about global warming but block legislation for zero-emission energy
• Say you are fiscally responsible but block pay-as-you-go legislation because tax cuts matter but deficits don't
• Say you are against taxes but block legislation providing middle class tax breaks that provide long-term reduction in energy bills
Where is John McCain?
