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Business Brokerage President Bush pushed on Wednesday to revive his key priority of a sweeping energy bill, as it faced a risk of collapse amid Republican infighting over tax breaks for ethanol producers.

year politics will jam much legislation, pressed to reject the four because they are so popular, said House Ways and Means Chairman William Thomas ( Calif.). "These are the kind of bills that can break the logjam in the Senate, " asserted Thomas. The House has patiently awaited action by the Senate on a variety of bills including foreign sales corporation repeal and energy policy, and the tax measures may serve as vehicles to address the unfinished legislation.

Forex Broker The legislation would mark the first overhaul of U.S. energy policy in a decade. It would offer some $16 billion in incentives to build new nuclear power plants, encourage oil and gas drilling and develop alternative energy sources.

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Online Brokerage It would also modernize the U.S. power grid, a provision that helped give the bill momentum after the East Coast power outage in August that left 50 million people in the dark.

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Real Estate Broker Bush dispatched Vice President Dick Cheney to Capitol Hill on Wednesday to try to settle a feud between House and Senate Republicans over ethanol tax credits. Bush himself prodded both Republican and Democratic leaders to pass the bill when he met with them at the White House to discuss various legislation.

It's no secret that energy executives enjoy a cozy relationship with the Bush administration, whose energy policy served as the basis for recent energy bills in both the House and the Senate. But Americans deserve policies that promote safe, clean and affordable energy, not policies that are a grab bag of pricey giveaways to corporate polluters. The measure Mr. Kerrey praises rightly died as Congress adjourned. Lawmakers should oppose efforts to resurrect this flawed legislation next year and instead write a bill that benefits consumers, not campaign contributors.

Agency Brokerage Spark The president will also seek to put a public spotlight on the issue with a visit on Thursday to an Ohio aluminum plant, where he will deliver a speech about energy policy.

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Business Broker Democrats have been shut out of the bill-writing process.

Brokerage Account Many environmental groups oppose the measure, saying it is laden with subsidies that favor the oil, coal and nuclear energy industries and lacks enough incentives for energy conservation and use of alternative energy sources.

Stock Broker ``I think the president can certainly be persuasive with members of his own party,'' said Betsy Loyless, vice president of the League of Conservation Voters.

Brokerage Online Stock Trading But she said that even with Bush's personal involvement, the legislation may still fail. If the impasse between Republicans is broken, Loyless said it is possible that Democrats could move to filibuster it in the Senate.

Broker Justin Ticket ``Our expectation is that this bill will blow apart,'' Loyless said.

Real Estate Brokerage Industry groups, however, say Bush's efforts will clinch a deal.

Commodity Broker ``Historically, the president has the bully pulpit,'' said Jim Owen, spokesman for the Edison Electric Institute, an industry trade group. ``The president can use his prestige and authority to bring the warring factions together.''

Brokerage House The most pressing hurdle for Bush right now is mediating a fight between Charles Grassley, chairman of the Senate Finance Committee, and Bill Thomas, head of the House of Representative Ways and Means Committee. Both are Republicans.

Real Estate Broker Exam Grassley has insisted that the energy bill continue to include a 5.2 cent per gallon excise tax exemption for ethanol, a fuel that is distilled from corn and is an income booster for American farmers as well as a clean-burning additive to stretch gasoline supplies. His plan would have the government pay about $2 billion annually into the federal highway fund to make up the ethanol tax losses.

Brokerage Services But Thomas wants to defer work on ethanol subsidy changes until Congress writes a transportation bill next year.

Broker Live Ticket Lawmakers are racing against the legislative clock to finish the energy bill. Senate Republican Leader Bill Frist said Congress is looking at a Nov. 14 adjournment date.

Online Brokerage Firm Bush's new efforts on behalf of the energy bill came after Grassley and energy industry officials urged him to get more involved.

Security Broker Dealer The bill's manager, Senate Energy Committee Chairman Pete Domenici, said Cheney was meeting with key lawmakers.

Coldwell Banker Residential ``The veep is up here working on it -- that's all I know,'' Domenici told Reuters.

Freight Broker A congressional aide said Cheney's visits to Capitol Hill would aim at trying to find an ``innovative solution'' on the ethanol issue, but offered no details.

Freight Brokerage Reuters - 10/29/2003

Topic: Energy

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