The US Senate this evening passed their version of the Wall Street “Bailout” bill with a majority 74-25 votes, and put pressure on the congress to respond in kind and approve the bill on Friday. Contained within this version, however, were several provisions that weren’t included in the original House bill that was tanked Monday, including renewable energy tax credits that should hopefully keep the alternative energy industry alive and kicking through the next few years.
These tax incentives were just a small part of the overall housing rescue plan, but perhaps this will prove to be one of the most thoughtful additions to an otherwise complex and partisan crisis. Time to see what Congress does on their end.
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