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Energy Bills May Wait as US Congress Focuses on Taxes for Rest of 2010

Business News/Analysis, Federal Legislation, Funding/Financing/Investing, Iowa, Missouri
December 1, 2010
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by Brian Hansen  (Platts)  Republican leaders in the US Congress said Tuesday after a private meeting with President Barack Obama that they plan to focus on tax issues before legislators adjourn for the year, but did not mention plans for pending energy legislation.

…Earlier this month, a host of senators from corn-producing states urged Reid to find a way to extend the soon-to-expire tax credit. The senators, led by Iowa Democrat Tom Harkin and Missouri Republican Christopher Bond, said the VEETC is crucial for weaning the US off of foreign oil.

“We cannot afford to continue to send billions of dollars every year to unstable oil-producing countries, not to spend additional billions to protect those investments,” they wrote in a letter to Reid.   READ MORE

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climate legislationgovernment subsidiesLegislation-FederaltaxesVEETC
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