With today's green energy boom (and over 100,000 existing jobs in the wind and solar industries alone) hanging in the balance, the Senate voted this morning by an overwhelming 88 to 8 margin to attach short-term extensions of key clean energy tax incentives set to expire at the end of this year -- the Production Tax Credit that mostly goes to wind power, the Investment Tax Credit for solar, and other incentives for energy efficient appliances and the like -- to the housing bill that the Senate then went on to pass by an also overwhelming 84 to 12. (None of the presidential contenders were around for today's votes, for those keeping track of such things.)
(The overwhelming popularity of wind power was also clearly on display this morning. An effort by wind-hatin' Sen. Lamar Alexander [R-Tenn.] to double the extension to two years by cutting the subsidy to wind in half was trounced on a 15-79 vote -- fewer votes than similar efforts by Alexander have received in the past.)
Today's victory -- the first time this Congress that the Senate has approved even short-term extensions of these clean energy incentives -- is sweet, to be sure, as it underscores the strong, bipartisan support for these measures and the urgent need to extend them. However, unless the House and the Senate can bridge some key differences, this particular strategy may not ultimately result in victory on this make-or-break issue.
