AP: While Obama is willing to work with Congress on some portions of his $3.6 trillion budget proposal, his energy plan is not subject to the standard wheeling and dealing between the administration and lawmakers, aides indicated this past weekend.
Standing firm on his energy agenda, Obama planned to make the case Monday for a budget proposal that invests billions in research designed to reduce climate change and guarantees loans for companies that develop clean energy technologies. Obama has tied his first budget proposal as president to a renewable energy program to help the United States move toward energy independence.
In a fact sheet released Monday, the White House said Obama's meeting with clean energy entrepreneurs and leaders of the research community will outline an energy program that draws on the administration's $787 billion stimulus package for $39 billion at the Department of Energy and $20 billion in tax incentives for clean energy.
It also disclosed that his 10-year budget proposal contains spending of nearly $75 billion to make permanent existing tax cuts for energy research and experimentation. Read the rest
Monday, March 23, 2009
Obama Talks Green Jobs Not Budging On Energy
Obama will discuss green jobs today at 12:30. It will be live streamed at the White House blog. Fact sheet on green jobs. Update: video below.
