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Committee On Ways and Means FOR IMMEDIATE RELEASE America’s Future Brighter Bill contains over $33 billion in tax incentives WASHINGTON - The House of Representatives today approved a balanced and comprehensive energy plan to increase conservation, reliability and production while safeguarding the America’s natural resources. The bill passed by a vote of 240 to 189 with 36 Democrats in favor of the plan. The Securing America’s Future Energy (SAFE) Act includes over $33 billion in energy tax incentives reported out of the Committee on Ways and Means. The SAFE Act was modeled after President Bush’s national energy policy and is designed to stabilize energy production and supply for increased production of both traditional and alternative energy sources. "On a bipartisan basis, we’re going to conserve, we’re going to make our energy sources more reliable and we’re going to produce more - that’s a good mix," stated Ways and Means Chairman Bill Thomas (R-CA). "Taxpayers who take steps to improve conservation and or use alternative sources of energy - such as investing in their home in energy efficient ways or buying a more fuel efficient car - will be rewarded for that behavior," he continued. "Reliable energy isn’t just about having the light come on when we flick the switch on the wall. America’s ability to function in an energy-efficient world requires significant investment in infrastructure, and this bill promotes that effort," Thomas concluded. |