Saturday, December 11, 2010

The cost of new provisions in Obama's tax cut deal - Friday, Dec. 10, 2010 | 2:35 p.m. - Las Vegas Sun

The cost of new provisions in Obama's tax cut deal - Friday, Dec. 10, 2010 | 2:35 p.m. - Las Vegas Sun: "The cost of new provisions in Obama’s tax cut deal
The Associated Press
Friday, Dec. 10, 2010 | 2:35 p.m.

The estimated cost, over 10 years, of some of the new provisions added to the tax deal taking shape in Washington:

_ Tax credit for oil refiners who blend ethanol with gasoline, tariff on imported ethanol, other ethanol tax credits, $4.8 billion

_ Grants to reimburse developers of renewable energy, such as wind and solar, $3 billion

_ Incentives for biodiesel fuel production, $2 billion

_ Gulf Coast tax incentive programs enacted after Hurricane Katrina, allowing states to issue tax-free bonds, offer enhanced tax depreciation for investments, $792 million

_ Tax credit for construction of energy efficient homes, $138 million

_ Tax breaks for commuters who use mass transit, $136 million"

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