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TOPIC: "House OKs cash-for-caulkers bill for energy upgrades" (AP / USAToday.com, 5/11/10)


Diamond

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"House OKs cash-for-caulkers bill for energy upgrades" (AP / USAToday.com, 5/11/10)
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WASHINGTON — Homeowners could collect thousands of dollars in cash-for-caulkers rebates for renovating their homes with better insulation and energy-saving windows and doors under a new economic stimulus bill the House passed Thursday.

The Home Star bill, passed 246-161, would authorize $5.7 billion over two years for a program that supporters — mostly Democrats— said would have the added benefits of invigorating the slumping construction industry and making Earth a little cleaner.

"Home Star is that solid investment that's going to achieve that hat trick of energy savings for the homeowner, of moving toward a cleaner environment and of creating jobs here at home," said bill sponsor Rep. Peter Welch, D-Vt.

Republicans overwhelmingly opposed the bill, and they were able to attach a condition that it would be terminated if Democrats do not come up with a way to pay for it.

The measure has come to be dubbed cash for caulkers, a takeoff on the popular 2009 cash-for-clunkers initiative that rewarded people for replacing gas-guzzling vehicles with more fuel-efficient models.

The initiative is separate from an energy tax credit of up to $1,500 that was included in last year's economic stimulus act.

That credit for energy-efficiency improvements runs through Dec. 31.

[SNIP]

With House passage, the bill moves to the Senate, where it most likely will be attached to the next jobs bill.

Full article @ USAToday.com

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The draft of this bill came out for discussion on the floor when I was out ill for surgery and was recovering.. and I never got to digest it as I was pretty much out of commission... If any of you got to read and understand it, please post a summary. Thanks.


-- Edited by Sanders on Tuesday 11th of May 2010 10:32:54 AM

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Moderator

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I honestly don't see this as a worthwhile effort unless there's some easy, painless way to pay for it. With this country bleeding money, and thus far, not seeing any bang for the buck, the money might be better spent paying for our president and the Dem legislators to take a refresher course in basic economics.

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Platinum

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I am so glad as an apartment dweller who can't afford a home to know my taxes are going pay for the upgrade to those who made the DECISION to buy a house. no

I am never going to able to retire.

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