PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


‘Cash for Caulkers’ Bill Moves Forward

Friday, May 7, 2010

Comment | More

The U.S. House of Representatives last week passed the Home Star bill, popularly known as “Cash for Caulkers,” that promises thousands of dollars in rebates for homeowners who renovate their homes with better insulation and energy-saving windows and doors.

The bill, if approved by the Senate and signed into law by President Obama, would authorize $5.7 billion over two years for a program that supporters said would also invigorate the slumping construction industry while reducing energy use.

The bill has received broad support from Democrats but has been criticized by Republicans who say it will exacerbate deficit spending. The bill was approved by a 246-161 House vote, with Republicans overwhelmingly opposing it. The GOP was successful in attaching a condition that the bill would be terminated if Democrats do not come up with a plan to pay for it.

President Obama, following the House vote, said the bill “will help jump-start job growth and demand for new products created right here in America” while trimming homeowner energy bills.

The initiative is separate from an energy tax credit of up to $1,500 that was included in last year's economic-stimulus act. That credit for energy-efficiency improvements runs through the end of this year.

Supporters of the measure say 3 million households could make use of the new program, saving $9.2 billion in energy costs over 10 years. The measure also would create 168,000 jobs, mainly in the recession-hit construction industry, the bill’s backers say. Republicans disagreed, with House Republican leader John Boehner of Ohio asking whether it was wise “to authorize $6.6 billion of money we don’t have so we can caulk homes?”

Republicans, however, were able to revise the legislation so that the rebates would go directly to homeowners. In the bill’s original version, homeowners were to receive a discount or rebate from a retailer or contractor, who then would apply for payment from the government.

   

Tagged categories: Economy; Energy efficiency

Comment from Ricah Lee, (5/11/2010, 5:41 AM)

Cash for Caulkers is really a spin from last year's cash for clunkers system. This year the Government is offering refunds for home improvements which are energy-efficient. The rebates to home owners can be as high as $8,000 if the home owner does the precise repairs. The program is not just designed to give homeowners cash for mending up their home; it is also designed to hopefully get some of those out of work back to work. If individuals need their houses fixed, somebody has to do it, thereby putting some of the people unemployed back to work. It becomes win-win for every person included.


Comment Join the Conversation:

Sign in to our community to add your comments.

Minerals Research & Recovery

HIGH PERFORMANCE ABRASIVES


“Made in the USA!”

Why recycle waste from other countries? Go FASTER, CLEANER, at 1/3 THE COST with MR&R “All-American” Sharpshot®HP!!

WATCH THE VIDEO


Global Werbeagentur GmbH (obo: Vincentz Network Hannover - European Coatings Show)
European Coatings Show

For the first time over 1,000 exhibitors from all over the world! Plan your visit online now!


HoldTight Solutions Inc.
NO FLASH RUST -
NO CONTAMINANTS

Our HoldTight®102 salt remover & flash rush inhibitor prevents flash rust by removing surface contaminants.
Contact us for your nearest distributor. (800) 319.8802 sales@holdtight.com


PreTox Products - NexTec, Inc.
GOT LEAD? Specify Pretox System products

The ONLY Lead Stabilizer Compatible with All Paint Removal Methods. Works with all Blast Media: Grits | Recyclable Abrasives | CO2 | Water | Power Tools | Etc. Call Dave Steffen at 800.338.8296.


KTA-Tator, Inc. - Corporate Office
KTA-Tator
Coatings Inspection

Any structure, any height, any place - A qualified coatings inspector is always available. Call 800-245-6379.


U.S. Zinc
Historic Reliability. Innovative Performance.

Our products are essential ingredients in many materials used around the globe every day. Historic reliability. Innovative performance. U.S. Zinc - Helping the world work™


GMA Garnet USA
GMA Garnet™
Natural Abrasives

- Superior cleaning
  performance
- Even Profile
- Low Dust
- Cost-Effective
- Environmentally friendly
- Recyclable up to 5 times
Tel : +1 832 243 9300


Novatek Corporation
Dustless Coatings Removal

Strip it, clean it, and profile it,
all dust free! High production
rates and Blast like finishes.
Comply with new lead
standards.


WINOA Group
W Abrasives : Maintenance Pack

The blasting company able to reduce your maintenance costs up to 30% by fine-tuning consumption, and increasing productivity. Visit us during the GIFA (Hall15 - D14).

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com