Kerry’s Tax Credits for Plug-In Cars, Building Efficiency Added to Energy Bill

Following up on my earlier post about John Kerry and his stance on energy issues and CAFE Standards, the Senate Finance Committee today accepted several key provisions introduced by Senator John Kerry (D-Mass.) to the energy tax package. Kerry’s plan will roll back tax breaks for big oil companies, saving taxpayers $9.5 billion during the next 10 years. His proposals for tax credits for energy efficient homes and buildings, plug in hybrids cars, and renewable fuel production were also agreed to by the Finance Committee.

The Committee also accepted a Kerry amendment to demand higher environmental standards on liquid coal facilities. The amendment mandates a 20% life cycle greenhouse gas reduction requirement to liquid coal facilities that receive the alternative fuels tax credit

Read on here: Kerry’s Tax Credits for Plug-In Cars, Building Efficiency Added to Energy Bill