Exclusive: Gang-of-10, Part 5, the bill’s full text (://URLFAN)

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Exclusive: Gang-of-10, Part 5, the bill’s full text

Post Date: Sep 12, 2008 12:08 p.m.
Ranked website: climateprogress.org (Ranks #7011 of 3,783,534)

For full text please visit source:
http://feeds.feedburner.com/~r/climateprogress/lCrX/~3/390912870/


I have uploaded the entire 233-page (!) “Discussion Draft” of the bipartisan bill here . I have blogged on many of the main elements in the summary (see links below). But as you can imagine in a bill this long, a lot of provisions are not in the summary. Some of the provisions are fluff, like the entire 12-page Title I — “National Commission on Energy Independence.” Just what we need, another commission. Some provisions are useful clarification. As I hoped, Title II makes clear that the “consumer tax credits for advanced vehicles” is focused on plug-in hybrid electric vehicles (PHEV), see Section 202 (page 17). The tax credit is “$2,500, plus $400 for each kilowatt hour of traction battery capacity in excess of 4 kilowatt hours” with a cap at $7,500. A midsized PHEV might consume 0.3 to 0.4 kilowatt-hours per mile when it runs on electricity (yes, Toyota may well do better than that, but...

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