Friday, June 27, 2008

Senator Stalls Housing Relief With Call for Energy Credits

Washington Post (06/26/08) P. D1; Montgomery, Lori
Progress on the Senate's foreclosure relief measure took a step backwards after a legislator demanded that tax incentives to promote renewable energy be tacked on to the measure. The refusal by Sen. John Ensign, R-Nev., to give his thumbs-up leaves the bill hanging in the balance as Congress prepares to recess for the July 4th holiday. A final vote is now unlikely to take place until after that, according to Senate Majority Leader Harry Reid, D-Nev., who remains confident that the Senate ultimately will pass the proposal. Ensign notes that few measures pass muster during an election year but that "the housing bill has a great chance of being signed into law, and that's why we're trying to get this renewable tax credit on this piece of legislation."

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