This page contains bill sponsorships in the Senate and House.
Bill sponsorships indicate the topics that legislators are most interested in, and spend the most time on.
Bill Sponsorship: SEAM Act
Source: HR.724&S.591
Security in Energy and Manufacturing Act of 2011 or the SEAM Act of 2011 - Amends the Internal Revenue Code to expand the qualifying advanced energy project credit by allocating in 2011 $5 billion of grants or tax credit amounts to manufacturers of goods and components (other than for assembly of components) in the US that are used in alternative energy projects.[Explanatory note from americanprogress.org]: The SEAM Act provides financial assistance to US manufacturing companies that want to retool their factories for the clean energy economy. By promoting growth of the manufacturing sector, this legislation has the potential to create badly needed jobs that can put Americans back to work. The SEAM Act goes a step beyond just providing more funding. It amends the existing terms of the funding to increase its effectiveness. The new Manufacturing Tax Credit would prioritize funding for companies that provide supplies over those that assemble goods.
Drawing this distinction helps target support for companies that need it most. There's another benefit to supporting supply companies over assembly companies. Both types of companies promote economic development, but workers in the supply chain, such as tool and die workers, welders, and machinists, are generally paid more than workers in the assembly chain. In addition to being an effective tool for economic recovery, the SEAM Act provides an example of a well-designed tax expenditure. More than 60% of federal support for the energy industry is now delivered via "tax expenditures"--government spending programs that deliver subsidies through the tax code via special tax credits, deductions, exclusions, exemptions, and preferential rates--and a recent hearing in Congress indicates that this trend is likely to continue. Problem is, many of these tax expenditures are questionable at best.
Also see the related Senate bill S0591.
Participating counts on VoteMatch question 18.
Question 18: Prioritize green energy
Scores: -2=Strongly oppose; -1=Oppose; 0=neutral; 1=Support; 2=Strongly support.
- Topic: Energy & Oil
- Headline: $5 billion in tax credits for alternative energy projects
(Score: 1)
- Headline 2: Sponsored bill for $5 billion for alternative energy
(Score: 1)
Participating counts on AmericansElect question 2.
- Headline: $5 billion in tax credits for alternative energy projects
(Answer: A)
- Headline 2: Sponsored bill for $5 billion for alternative energy
(Answer: A)
- AmericansElect Quiz Question 2 on
Energy:
When you think about America’s energy needs, which of the following solutions comes closest to your opinion?
- A: Strong investment in renewable energy like wind and solar
- B: More drilling than investment in renewables (mix of both solutions)
- C: More investment in renewable than drilling (mix of both solutions)
- D: Strong focus on offshore drilling and allowing drilling in federal lands including wildlife reserves
- E: Unsure
- Key for participation codes:
- Sponsorships: p=sponsored; o=co-sponsored; s=signed
- Memberships: c=chair; m=member; e=endorsed; f=profiled; s=scored
- Resolutions: i=introduced; w=wrote; a=adopted
- Cases: w=wrote; j=joined; d=dissented; c=concurred
- Surveys: '+' supports; '-' opposes.
Republicans
participating in 11-HR0724 |
Independents
participating in 11-HR0724 |
Total recorded by OnTheIssues:
Democrats:
17
Republicans:
0
Independents:
0 |
|
 |
|
