Today’s guest post on the green details of the Senate and House stimulus plans (with awesome bubble charts) is by Daniel J. Weiss and Alexandra Kougentakis. It was originally printed on the Center for American Progress website here.
On January 28, the House of Representatives passed the American Recovery and Reinvestment Act, H.R. 1, by a vote of 244 to 188. The $819 billion recovery bill includes $72 billion for clean energy programs, and another $20 billion for clean energy tax incentives. This huge investment in weatherization, efficiency, transmission, transit, and clean vehicles programs will create at least 459,000 jobs by the end of 2010, as well as reduce oil consumption and global warming pollution.
Not to be outdone, the Senate Appropriations Committee passed the American Investment and Recovery Plan, S. 336, which includes $78 billion* in clean energy spending as part of its $365 billion recovery package. At the same time the Senate Finance Committee passed a $522 billion tax package that includes $31 billion in tax incentives for renewables and energy efficiency. The bills will likely be joined before Senate floor consideration.