Coalition of nearly 700 organizations urges congress to act on renewable tax cuts as part of bailout legislation

Washington, D.C., Oct. 1, 2008 — A broad coalition of nearly 700 businesses, environmental organizations, public health advocates, electric utilities, agricultural organizations, investors, labor groups, non-governmental organizations, states, and trade associations urged the House and Senate to renew tax cuts for renewable energy, research and development and other purposes.

In a letter to bipartisan Congressional leadership, the coalition, which includes the American Wind Energy Association and the National Hydropower Association among others, urged that when the House and Senate consider the financial rescue package, which the House rejected on Monday, they “secure a final House – Senate agreement” on the tax extenders legislation.

The companies warned that failure to pass the legislation this week would jeopardize “hundreds of thousands of jobs, billions of dollars in clean energy investment, crucial incentives for research and development, and a range of popular programs.”

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