Washington, DC—Senate Majority Leader Harry Reid made the following statement today after Bush Republicans blocked the Renewable Energy and Job Creation Act of 2008 a tax extenders measure that creates incentives for investing in renewable energy sources like wind and solar, and provides over $55 billion in tax breaks for American families and businesses:
“Just as they have done with every opportunity to strengthen our weakening economy and lower record gas prices, Republicans today said no to helping businesses invest in renewable energy. They said no to ending our dependence on oil and no to creating hundreds of thousands of jobs. They said no to millions of Americans who would have benefited from lower taxes and lower college tuition. And they said no even though every penny of our bill is offset in a fair and fiscally responsible manner.
“Instead, Republicans chose to defend a status quo that has brought us $4-a-gallon gas and $140-a-barrel oil, most of it imported from unstable regions and unfriendly governments. They chose the same failed policies of the past over the innovation that could sow a cleaner, stronger future. They chose wealthy hedge-fund managers over hard-working Americans. It is incredible that in an economy hurting on all sides, Republicans are working actively against change.”