Just the Beginning of Tax Incentives -- Looking at Candidates and Their Positions!
ECOtality, Inc. (OTCBB: ETLY) ECOtality stands to be the beneficiary of current directions which support research and development in alternative fuels and tax credits for the use of alternative fuels. It is important to understand current legislation in the U.S. Congress is probably not the end of incentives and tax credits for alternative energy. Each candidate has addressed this issue. I think it's important to understand where ECOtality fits into the political landscape. Our next president will lead the way in future directives. Here's where the candidates stand -- alphabetically by party and candidate. WHERE THE CANDIDATES STAND ON ENERGY! Each of the dozen major candidates for president has called for less dependence on foreign oil and more use of alternative fuels. The candidates differ on how to get there. Democrats Joe Biden: Calls energy independence his "first priority." Supports expanded use of alternative fuels. Pledges a "substantial national commitment by dramatically increasing investment in energy and climate change research and technology so that the United States becomes the world leader in developing and exporting alternative energy." Hillary Rodham Clinton: Supports starting a $50 billion Strategic Energy Fund to pay for the research and development of alternative energies. Oil companies could pay into the fund or invest in alternative energies. Favors eliminating oil industry tax breaks. Opposes drilling in Arctic National Wildlife Reserve and along the U.S. coast. However, backed increased drilling in the Gulf Coast to pay for Hurricane Katrina rebuilding. Chris Dodd: Wants to cut 80 percent of greenhouse gas emissions by 2050, end dependence on Middle East oil by 2015. Would impose a corporate carbon tax that could raise $50 billion a year to pay for research into alternative energies. Would use tax incentives to encourage the purchase of hybrid vehicles. Wants all new government vehicles to be powered by an alternative energy source. John Edwards: Would cut oil imports by a third by 2025. Favors a $13 billion-a-year New Energy Economy Fund, paid for through the sale of greenhouse gas pollution permits and the repeal of oil company subsidies. Fund would support biofuels and help auto companies modernize so they could meet new 40 mile-a-gallon fuel standards. Would require oil companies to install ethanol pumps at 25 percent of their gas stations and require all new cars sold after 2010 to be "flex fuel" vehicles. Opposes oil drilling along the U.S. coast. Barack Obama: Supports tax credits for companies that install ethanol refueling pumps. Has legislation requiring oil companies that made $1 billion or more in profits during the first quarter of 2006 invest 1 percent of those profits in installing ethanol pumps. Supports offering auto companies federal help with their health- care costs in exchange for the production of more hybrid vehicles. Opposes drilling along the U.S. coast. Bill Richardson: Has called for reducing oil demand by 50 percent by 2020. Backs the production of vehicles that could get 100 miles per gallon. Would double fuel-efficiency requirement to 50 miles a gallon by 2020. Would eliminate some oil company tax subsidies and sell greenhouse gas permits. Opposes drilling along the U.S. coast. Republicans Sam Brownback: Wants North America to be "energy self-reliant" in 15 years. Favors increased domestic oil production, including drilling in Alaska's Arctic National Wildlife Refuge. Backs more oil imports from Canada and expanded use of alternative fuels. Supported a bill that would have allowed oil and gas drilling off the U.S. coast. Rudy Giuliani: Opposes a tax on greenhouse gas emissions. Open to building more nuclear power plants. Supports more conservation and expanded use of alternative energy sources, especially ethanol. Backs more oil and gas exploration off the U.S. coast. Mike Huckabee: Says the first thing he would do as president is present Congress with his plan to achieve energy independence. Pledges to have the country energy independent by the end of his second term. Calls for more exploration, more conservation and expanded use of alternative fuels. Duncan Hunter: Supports authorizing the construction of new oil refineries. Backs use of "clean coal" programs. Would eliminate federal taxes on alternative energy sources. Supports tax breaks for oil and gas production. Has opposed raising fuel-efficiency standards. Would drill in the Arctic National Wildlife Reserve and off the U.S. coast. John McCain: Backs expanded use of alternative energy sources. Opposes federal subsidies for all of those sources. Called for more use of nuclear energy and use of energy produced from cleaner coal. Would not answer directly a question regarding oil and gas drilling on the outer continental shelf, an area three to 200 miles off the U.S. coastline. Campaign said he "understands OCS development holds promise to increase the domestic supply of oil and natural gas." Mitt Romney: Favors expanded use of alternative fuels. Also backs more drilling, including in the Arctic National Wildlife Refuge and along the U.S. coast. "We need to pursue reasonable approaches to offshore drilling to balance American energy production and independence with environmental protection and the impacts on our states' beaches and economies," he said. ECOtality has a comprehensive approach to alternative energy -- that has proven results with tremendous potential! Don't forget the Fuel Cell Store Blog. Source: ECOtality, Inc. 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