bailout

All year we’ve been calling for the reauthorization of federal tax credits for clean energy and energy efficiency, and now the credits have one more chance to continue—as part of the Economic Stabilization Act of 2008 (the “bailout bill”).

The US Senate has included the clean energy tax incentives in the bailout bill it passed Wednesday. Both Senators Kay Bailey Hutchison and John Cornyn voted for the package.

However you feel about the bailout, it is crucial that these tax credits are passed before they expire at the end of this year.  The bill will allow solar and wind projects to go forward, and will also add a significant job development enhancement to the package.

The United Methodist General Board of Church & Society (GBCS) has called on the U.S. Congress and the Bush Administration to “devise legislation that embraces our whole society” as it copes with the current financial crisis. The agency issued its statement after the U.S. House of Representatives failed to pass a $780 billion bailout devised by the administration and Congressional leaders.

General Board of Church and Society