Cross your fingers. The House of Representatives might yet include critical provisions that are devoutly to be wished. Reuters reports that a letter sent by the House Democratic leadership today to its members says the pending bill, due for a vote in the House tomorrow or Thursday, would have a provision that "strengthens and extends existing renewable energy tax credits" and another that would "repeal about $21 billion in tax subsidies extended to big oil and gas producers." That's more than the $16 billion figure that was in the bill passed in early August. See House seeks tax incentives for renewable energy. The article says "the bill would repeal reduced tax rates for major integrated oil companies, drop foreign income tax deductions for companies that produce oil and natural gas overseas and drop a tax break for companies to write off some exploration expenses." Stay, as they say, tuned!
