Energy Programs Prepare for Debt Deal Pain
Source: Politico, Darren Goode and Darren Samuelsohn (8/1/11)
"There's concern that energy research and development will face the scalpel."
Popular energy and environmental programs should prepare for a decade of spending cuts under the debt deal reached late Sunday between the White House and congressional leaders. Less clear, however, is the effect that the landmark agreement will have on popular tax incentives for the oil, gas, renewable and other energy industries.
Constituencies insist that their programs are small relative to other big-ticket items in the annual appropriations process. But there's still concern that everything from wastewater grants to air pollution monitoring and biofuels research and development will face the scalpel as lawmakers start cutting about $2.7T in spending over the next decade. . .View full article