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10-4-2008 12:41 AM
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merrie says:
• One-year extension for wind and refined coal energy tax credits. A production credit for electricity produced from renewable marine energy sources Energy credits for "small wind properties," geothermal heat pump systems, and energy-efficient residential properties.

• New renewable-energy bonds. Up to $800 billion in energy bonds may be offered to the public...

• Tax credits for "cellulosic biofuels" and for "carbon dioxide sequestration." An extension of an alternative fuel credit. Tax credits for "new qualified plug-in electric-drive motor vehicles." Bicycle commuters get a nod,...

The bailout bill also gives the Internal Revenue Service new authority to conduct undercover operations. It would immunize the IRS... federal laws, including permitting IRS agents to run businesses for an extended sting operation..

Anti-Drug Abuse Act in 1988, the IRS has possessed this authority temporarily, with occasional multiple-year lapses...such undercover authority would be made perma
1 Comment   | Add a Comment
10-4-2008 12:48 AM
chestnut501
At least half of Congress had no idea what they were even signing (mostly Democrats). They took no time to study, consult, debate or understand it. Now we're stuck with the mess.
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