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Speaker Nancy Pelosi statement on the Renewable Energy and Job Creation Tax Act of 2008
WASHINGTON, Sept. 26 2008 -- Speaker Nancy Pelosi released the following statement on the Renewable Energy and Job Creation Tax Act of 2008, which will extend and expand tax incentives for renewable energy and passed the House today by a vote of 257 to 166:
"With the American people pinched at the
pump, and seriously concerned about the state of the economy, the
House has taken action again today to cut taxes for millions of
middle-class families, invest in renewable energy technologies to
create high-paying green jobs, make America more energy independent,
and remove incentives in the tax code that encourage shipping jobs
and investment overseas.
"When I became Speaker, I made energy
independence the top priority for the New Direction Congress. This
legislation holds true to that commitment, investing in the future
and the ingenuity of the American people to create and deploy
cutting-edge renewable technologies that will reduce our dependence
on foreign oil.
"This legislation also holds true to our
commitment to fiscal responsibility. By closing loopholes that allow
corporations and executives to avoid U.S. taxes by shipping jobs and
investment overseas and curtailing unnecessary tax subsidies for
big, multinational oil and gas companies, we are ensuring that
future generations don't foot the bill for the progress we can make
today.
"I urge my colleagues in the Senate to
seize the opportunity to enact this bill law, thus creating and
saving jobs in a difficult economy, providing essential tax relief
to families and businesses, and speeding our transition to a clean,
renewable energy and energy efficient future."
Contact: Brendan Daly or Drew Hammill of
the Office of the Speaker of the House, +1-202-226-7616
SOURCE Office of the Speaker of the
House
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