Rep. Welch - Renewable Energy and Job Creation Act

The House debates the Renewable Energy and Job Creation Act, H.R. 6049, to extend and expand tax incentives for renewable energy, retain and create hundreds of thousands of green jobs, spur American innovation and business investment, cut taxes for millions of Americans, and close loopholes allowing U.S. corporations and executives to avoid U.S. taxes by shipping jobs and investment overseas. To reduce our dependence on foreign oil and to protect the environment, this legislation would increase the production of renewable fuels and renewable electricity, and encourage greater energy efficiency. It extends and expands tax incentives for renewable electricity, energy and fuel from America's heartland, as well as for plug-in hybrid cars, and energy efficient homes, buildings, and appliances. The bill would be paid for by keeping hedge fund managers and corporate CEOs from escaping income taxes by using offshore tax havens, while middle-class families play by the rules and pay their fair share of taxes. Rep. Peter Welch (VT-AL) speaks in favor of the bill as part of a new direction in energy policy.

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