S.3335 – What’s the Deal?

Jobs, Energy, Families, and Disaster Relief Act of 2008 or S.3335 is Federal legislation currently getting a lot of press. For example here are three writings I found within a few minutes of looking:

But what is this legislation? The main component is the renewing of several expiring tax credits available to those seeking innovative energy sources. The public wants these credits renewed. It is an incentive for entrepreneurs in this industry to overcome some of the economies of scale problems that plague endeavors like this. The initial cost to the US government increases because it is in one sense subsidizing the innovation. In another sense, the lobbying money used by big oil could dwindle as well.
So if the voting public wants these credits extended then what do Senators do? They add other items to the legislation that may or may not have anything to do with the initial intention of the bill (Alternative Minimum Tax, Railroad Maintenance, Katrina Relief, Mine Safety, and so on). S.3335 suffers from this and is no surprise. It is just sad that something the public wants and is vital to the future of the US is stalled out in the Senate because of deal making.

For more info, please consult http://www.opencongress.org/bill/110-s3335/show

About benleeson
My name is Ben Leeson. I currently work for a large financial company in IT. I went to school at Marist College in Poughkeepsie, NY. I graduated with a B.S. in Business Administration concentrating in HR. Professor William Brown taught me and I enjoyed his classes; even acquiring an appreciation for just about all things HR. I didn’t pursue a job in that field after college but I’ve kept up with it. This blog will further my fascination with all things HR. I hope to grow my knowledge of the area through thoughtful writings and spirited feedback. I will attempt to have a fairly routine style so anyone reading can come to expect certain segments. Please excuse my incorrect grammar and occasional misspelling.

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