Energy Bill fails again in Senate by one vote, new vote set for later today
But all hope is not lost for the Senators who want to get this bill passed. Senate Majority Leader Harry Reid (D-Nev.) has said that $21.8 billion in new taxes will be removed from the bill and another vote will take place later today. The hope is that by dropping the taxes, the bill will curry favor with at least one more politician who was previously unwilling to vote for it before. Speaker of the House Nancy Pelosi has already confirmed that House would pass a new version of the bill sans the $21.8 million in taxes, which tells you just how much Democrats want this bill to land on the President's desk.
So what gets left behind in order to get the new Energy Bill passed? The Detroit News reports that the revised bill will not include $1 billion in consumer tax credits for buying plug-in hybrids, and will nix a 20% tax credit for people who convert their vehicles into plug-in hybrids. What remains of the bill, however, is its core piece of legislation that will raise Corporate Average Fuel Economy standards to 35 mpg by 2020. The White House has repeatedly stated, however, that it plans to veto the bill if it passes both houses of Congress. And the saga continues...
[Source: The Detroit News]
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