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Washington, D.C., May 21st – Congressman Jim Moran, Virginia Democrat today joined a majority of the House of Representatives in support of legislation to help expand the production and use of renewable energy, create “green collar” jobs and provide tax important tax benefits to middle class families. The Renewable Energy and Job Creation Act (H.R. 6049) was approved by the House by a vote of 263-160.
“Exploding energy demands have our country over a $130 barrel of crude,” said Moran. “The path to energy independence, however, is paved not with petroleum but with sustainable, renewable sources of power—a path that protects our environment, creates good jobs and boosts our economy. Americans have always had the ingenuity, drive and vision to make this a reality; finally we have a Congress to match that’s willing to put its muscle behind a plan for a green future.”
To reduce our dependence on foreign oil and to protect the environment, the Renewable Energy and Job Creation Act 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.
Failing to extend some of these provisions could have significant consequences for American workers. A recent study showed that allowing the renewable energy incentives to expire would lead to about 116,000 jobs being lost in the wind and solar industries through the end of 2009.
The legislation also supports businesses and provides important tax benefits to millions of American families. The bill extends the research and development tax credit to spur American innovation and business investment and cuts taxes for millions of Americans, including teachers, college students and families in states with no income tax. It expands eligibility for the $1,000 refundable child tax credit and provides tax breaks to homeowners who do not itemize their deductions by permitting them to deduct up to $700 of property taxes in addition to their standard deduction.
“This legislation makes clear Congress is not content to bury its head in the sand and pretend an energy strategy of the past will meet our needs for the future,” added Moran. “In these troubled times, a new way of thinking and bold action is required to meet the energy challenges we face. We started by increasing auto fuel standards to 35 mpg, our next step is to boost consumer and industry incentives to go green.”
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