|2:22 PM EDT||
Zach Wamp, R-TN 3rd
Mr. WAMP. Mr. Speaker, I thank the gentleman for yielding time to me. I am torn, I will have to tell you. I support the President, and I support the President's request for a national energy policy.
But he sent a request for $6.7 billion of tax incentives, 72 percent of which was for renewables and energy efficiency; and this base bill has 6 percent of the total for those two very important functions given the crisis that we face today.
I am the cochairman of the Renewable Energy and Energy Efficiency Caucus. Over half of the House are members. We asked for four amendments last night to ratchet this back up some, just a little; and all four were denied. That is not right.
Yet there are so many important things in this bill. So I am torn. I do not want to vote against the new residential personal 15 percent tax credit for photovoltaics that does not exist today, or the 20 percent tax credit for homeowners to install energy-efficiency improvements to their home, or Charlie Bass's billion dollar rebate program for investment in renewable energy.
But I am telling you, all of it together is 6 percent instead of 72 percent that our President asked us for. I am [Page: H2186]
for the President. I am for his plan. And I hope that the conference report after we work with the Senate has it all in there, because no one in this House wants an energy policy more than me. I have worked for a decade as an appropriator on those important investments, yet I asked for amendments to improve this bill, and every one of them