| House Democrats unveil $825B economic stimulus plan
Jan. 19
House Democrats unveiled an $825 billion economic stimulus bill Jan. 15
that includes more than $50 billion for clean energy and energy conservation
projects and $6 billion to fund water and wastewater infrastructure
improvements.
Democrats said the bill would create and save between 3 million and 4
million jobs, while jumpstarting the economy.
Republicans derided the bill as excessively costly, potentially creating
budget deficits for generations.
Democrats want to spend $32 billion transforming the nationīs energy
transmission, distribution and production systems by improving the power
grid and investing in renewable energy technology.
Their plan would make $16 billion available to repair public housing,
including making key energy efficiency retrofits.
House Democrats also want to make $6 billion available to modest-income
families to help pay costs for weatherizing their homes.
The plans call for making $2 billion available in loans and grants to
companies manufacturing advanced vehicle batteries and battery systems.
Schools, local governments and municipal utilities would be eligible for
another $1.5 billion for energy efficiency grants and loans.
And the government wants to encourage consumers to buy new Energy Star
appliances by making $300 million available in rebates.
Democrats want to dedicate $2.4 billion for carbon capture and sequestration
technology demonstration projects.
Their package also calls for a $6 billion investment in the nationīs Clean
Water State Revolving Fund, which makes funds available to local communities
for upgrading their water and wastewater infrastructure.
Funding would also be dedicated to: replacing older government owned
vehicles with alternative fuel automobiles; industrial energy efficiency
demonstration projects; diesel emissions reduction projects, and development
of electric transportation vehicle technologies.
The full text of the 258-page bill is available online at http://appropriations.house.gov/pdf/RecoveryBill01-15-09.pdf.
Contact Waste & Recycling News senior reporter Bruce Geiselman at
330-865-6172 or bgeiselman@crain.com |