In what feels like deja vu all over again, the Senate and the House failed to worked together over the past two weeks to pass legislation.
Last week, the Senate voted 93-2 to extend the solar energy investment and wind energy production tax credits. The credits were set to expire at the end of this year.
With such an overwhelming “yes” vote, it was bound to pass in the House, right? Of course not. The House failed to vote on the tax credits, making it unlikely that an agreement on extensions would be reached before the elections.
And it’s not the first time. The bill has not passed in five previous attempts. Five.
Why hasn’t it passed yet? It depends on who you ask. As you can imagine, the Democrats blame the GOP for not supporting a plan that included funding from oil and gas companies to pay for the credits. The GOP blames the Democrats for taking an “all or nothing” approach, only agreeing to the extensions if they are fully paid for.
So we got nothing. It’s like the bailout plan all over again…
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