According to today's NY TIMES: The vote, 65 to 27, was a major defeat for car manufacturers, which had fought for a much smaller increase in fuel economy standards and is expected to keep fighting as the House takes up the issue.
But Senate Democrats also fell short of their own goals. In a victory for the oil industry, Republican lawmakers successfully blocked a crucial component of the Democratic plan that would have raised taxes on oil companies by about $32 billion and used the money on tax breaks for wind power, solar power, ethanol and other renewable fuels.
Republicans also blocked a provision of the legislation that would have required electric utilities to greatly increase the share of power they get from renewable sources of energy.
http://www.nytimes.com/2007/06/22/us/22energy.html?hp
Write to your elected officials and remember to vote. Michigan needs more higher paying jobs for the real estate market to make an upturn. The oil industry does not need ANY tax breaks.
Comments(0)