06-26-09, 08:43 PM
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#7
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Cold War Boomer 
Join Date: Jan 2002
Location: Walla Walla
Posts: 2,837
Downloads: 5
Uploads: 0
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New York Times
Quote:
Only eight Republicans voted for the bill, which runs to more than 1,300 pages.
In the months of horse-trading leading to Friday’s vote, the bill’s targets for emissions were weakened, its mandate for renewable electricity was scaled back, and incentives for various industries from automobiles to natural gas were sweetened.
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Quote:
The bill grants a majority of the permits free in the early years of the program, to keep costs low. The Congressional Budget Office estimated that the average American household would pay an additional $175 a year in energy costs by 2020 as a result of the provision, while the poorest households would end up with $40 in rebates.
The bill also sets a national standard of 20 percent for the production of renewable electricity by 2020, although a third of that could be met with efficiency measures rather than renewable energy sources like solar, wind and geothermal.
It also devotes billions of dollars to new energy projects and subsidies for low-carbon agricultural practices, clean-coal research and electric vehicle development.
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How do you read 1,300 pages in just a few hours ... give US a break.
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