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Alliance Calls on Congress to Wrap Up 'Unfinished Business' By Passing Energy-Efficiency Tax Credits in Stimulus Package.


WASHINGTON -- The Alliance to Save Energy strongly urged Congress to act today to extend tax credits for consumers who make energy-efficiency home improvements, noting that these tax incentives are major incentives for moving new efficient technologies into the commercial mainstream.

"Extension of energy-efficiency consumer tax credits that expired ex·pire  
v. ex·pired, ex·pir·ing, ex·pires

v.intr.
1. To come to an end; terminate: My membership in the club has expired.

2.
 on December 31 was the principal piece missing from the Energy Independence and Security Act of 2007 that Congress passed last month," said Alliance President Kateri Callahan. "But today, the Senate Finance Committee has an opportunity to take care of this important unfinished business by including these tax credits in its economic stimulus stimulus /stim·u·lus/ (stim´u-lus) pl. stim´uli   [L.] any agent, act, or influence which produces functional or trophic reaction in a receptor or an irritable tissue.  package."

Noting that Finance Committee members Sens. Maria Cantwell Maria E. Cantwell (born October 13, 1958) is the junior United States Senator from the state of Washington and is a member of the Democratic Party. Previously she served in Washington House of Representatives and one term as member of the United States House of Representatives  (D - Wash.) and Olympia Snowe Olympia Jean Bouchles Snowe (born February 21, 1947) is a Republican politician and the senior United States Senator from Maine.

A moderate Republican, Snowe has become widely known for her ability to influence close votes and Senatorial filibusters, making her among the
 (R - Maine Maine, ship
Maine, U.S. battleship destroyed (Feb. 15, 1898) in Havana harbor by an explosion that killed 260 men. The incident helped precipitate the Spanish-American War (Apr., 1898). Commanded by Capt. Charles Sigsbee, the ship had been sent (Jan.
) have circulated a "Dear Colleague" letter calling upon the Senate to act quickly to extend tax credits for energy efficiency and renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. , Callahan said, "We urge the Senate Finance Committee to accept the recommendations of its members to extend energy-efficiency tax credits."

Callahan continued, "Energy-efficiency tax incentives are an integral part of our nation's energy policy. Extension of the consumer tax credits will result in lower energy bills and help our economy in a time of recession by encouraging investment in high-efficiency technologies. In addition, Congress must provide additional tax incentives to support businesses in their efforts to become more energy-efficient."

The Alliance to Save Energy is a coalition of prominent business, government, environmental, and consumer leaders who promote the efficient and clean use of energy worldwide to benefit consumers, the environment, the economy, and national security.
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Publication:Business Wire
Date:Jan 30, 2008
Words:255
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