>>House passes renewable energy credits, but in new form
September 26, 2008, 5:17 pm
Filed under: Policy

The House today passed its own version of the energy tax credit extensions, with sufficient changes that the bill will need to be reconciled with the Senate version. The vote was 226 to 166.

The House version contains pay-for provisions which have been interpreted by the White House as tax increases on oil companies. If the final bill contains this language, White House staff say the president may veto it.

Now we wait to see if the Senate and House can negotiate a compromise bill, today. Otherwise, we’ll revisit the whole issue in November.

See coverage by Bloomberg and Reuters.


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