Word: medians
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...slash their fuel bills. The American program of tax incentives benefits only the rich. To take a tax credit, you have to spend money first. Of the less then 10 per cent of Americans who claimed tax credits for conservations purposes, more than 75 per cent were above the median national income, according to government statistics. President Carter's proposal in his economic recovery program for $975 million to weatherize lower and middle income homes is the right step, but it is a drop in the bucket. While the billions spent on synfuels and fusion are not benefitting anyone...
...government should split its strategy, giving insulation subsidies to the poor and increasing tax incentives for those above median income. In addition, the Congress should act swiftly to adopt Senator Malcolm Wallop's (R-Wyo.) bill that would increase industrial tax credits for the installation of energy-efficient equipment from 10 to 30 per cent. While they're at it, Congress should also pass the Building Energy Efficiency Performance Standards Act, shelved last year because of enforcement difficulties. The bill would coordinate six federal agencies in the regulation of the building and housing industries...
...slash their fuel bills. The American program of tax incentives benefits only the rich. To take a tax credit, you have to spend money first. Of the less then 10 per cent of Americans who claimed tax credits for conservations purposes, more than 75 per cent were above the median national income, according to government statistics. President Carter's proposal in his economic recovery program for $975 million to weatherize lower and middle income homes is the right step, but it is a drop in the bucket. While the billions spent on synfuels and fusion are not benefitting anyone...
...slash their fuel bills. The American program of tax incentives benefits only the rich. To take a tax credit, you have to spend money first. Of the less then 10 per cent of Americans who claimed tax credits for conservations purposes, more than 75 per cent were above the median national income, according to government statistics. President Carter's proposal in his economic recovery program for $975 million to weatherize lower and middle income homes is the right step, but it is a drop in the bucket. While the billions spent on synfuels and fusion are not benefitting anyone...
...government should split its strategy, giving insulation subsidies to the poor and increasing tax incentives for those above median income. In addition, the Congress should act swiftly to adopt Senator Malcolm Wallop's (R-Wyo.) bill that would increase industrial tax credits for the installation of energy-efficient equipment from 10 to 30 per cent. While they're at it, Congress should also pass the Building Energy Efficiency Performance Standards Act, shelved last year because of enforcement difficulties. The bill would coordinate six federal agencies in the regulation of the building and housing industries...