Tax Provision for Cap and Trade Bill


	Tax Provision for Cap and Trade Bill

Brian Wingfield

5-20-2008 2:17 PM

634 views

tags:

cap and trade, energy, environment, boxer

Brian Wingfield says:

Keep an eye on this issue. It's going to gain prominence in the next 2 weeks as Congress gets ready to consider a climate change bill.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/508550e3-2389-4dc5-89bd-9883026a9ab7/2BD24524-248F-4C01-8B02-48E170665C78/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002879509" href="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002879509" style="font-size: 11px;">www.cqpolitics.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002879509"><P>A new version of Senate global warming legislation would provide billions of dollars in tax relief to help consumers pay their energy bills, in an apparent attempt to blunt criticism that the bill would harm the economy.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002879509"><P>Sen.  <A href="http://www.cqpolitics.com/wmspage.cfm?docID=profile-000000000081">Barbara Boxer</A> , D-Calif., is drafting a substitute amendment that she will offer to legislation scheduled for Senate floor debate in early June. Her adjustments are intended to win 60 votes for the legislation to overcome a likely filibuster.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002879509"><P>According to a summary of the substitute that Boxer circulated last week, it includes $800 billion through 2050 for a “tax relief fund” to help “consumers in need of assistance related to energy costs.”</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002879509"><P> But the details of this provision will have to be spelled out by the Finance Committee. The chairman of the panel, Democrat  <A href="http://www.cqpolitics.com/wmspage.cfm?docID=profile-000000000287">Max Baucus</A>  of Montana, is a supporter of the bill.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/2BD24524-248F-4C01-8B02-48E170665C78/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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