The U.S. Congress on Monday passed a massive spending bill that includes $35 billion in energy research and development programs, a two-year extension of the Investment Tax Credit for solar power, a one-year extension of the Production Tax Credit for wind power projects, and an extension through 2025 for offshore wind tax credits a significant last-minute boost for clean energy industries.
These clean energy provisions are included in a $1.4 trillion federal spending and tax extension package negotiated by congressional leaders over the weekend alongside a $900 billion coronavirus relief package. Summaries of the energy provisions included in the bill were provided by the office of Senate Minority Leader Charles Schumer (D-New York), and Schumer and House Speaker Nancy Pelosi (D-Calif.) highlighted them in a Sunday summary of the legislation s contents.
Congress, White House reach deal on COVID aid package
The package authorizes $13 billion in agriculture aid, including $5 billion for supplemental payments worth $20 an acre to all row crop producers. Another $3 billion is set aside for payments to cattle producers, contract livestock and poultry growers, dairy farms, and producers who were forced to euthanize livestock or poultry due to disruptions in processing plants.
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Philip Brasher and Ben Nuelle / Agri-Pulse Communications | 9:20 am, Dec. 21, 2020 ×
Congressional leaders reached agreement Sunday, Jan. 20, with the White House on a $900 billion COVID-19 relief package that authorizes $13 billion in agriculture aid. (Agri-Pulse photo)
Congressional leaders reached agreement Sunday, Jan. 20, with the White House on a $900 billion COVID-19 relief package that will include a new round of aid to a wide array of agriculture sectors while also ensuring the deductibility of expenses used to g
What New York Can Expect From the Federal Stimulus Package By Emily Ngo New York City PUBLISHED 4:00 PM ET Dec. 21, 2020 PUBLISHED 4:00 PM EST Dec. 21, 2020
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New York can expect to receive $54 billion in coronavirus relief aid from the $900 billion deal reached by federal lawmakers, Senate Minority Leader Charles Schumer said Monday.
“The bottom line is that that’s a lot of good help for New York,” the Democratic senator told reporters, saying the aid will go “to New York workers, to families, to renters, to small businesses and direct funding of course to people.”
The House and Senate are expected to vote on the massive funding package later Monday after months of negotiations.