PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

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.

CESCO
PRESSURE PRO PRESSURE WASHERS

All types – All sizes to meet your every need.
Available to buy or rent. Shown-Model B5550HGEA511
• Cold Water • Pro Max
• Poly Belt • Gas
24 HP Honda Generator
CESCO Best Value $4065.00 Contact us: 888-772-3726 BlastandPaint.com


Corrosion Probe, Inc.
From Detection to Correction

Corrosion Probe, Inc. has the Most Concrete Coatings Experience and Expertise. Contact us today at
860-767-4402, www.cpiengineering.com


Axxiom Manufacturing
Revolutionary Units

By integrating Schmidt's Aftercoolers with our blast pots, these systems remove moisture from air and minimize equipment footprint on jobsite.
Call 1-800-231-2085


Fischer Technology Inc.
MP0R with rotating display screen

View your coating thickness readings from any angle with rotating display screen. New graphic display with easy menu navigation. Click for Video
Call 800-243-8417


CS Unitec
Peening Preparation Tools

CS Unitec’s hand-held scarifiers are an ideal alternative to small-area shot blasting for cleaning and preparing concrete & metal surfaces. info@csunitec.com


HP Spartacote, a Division of LATICRETE International
Fully Integrated Polyaspartic Coating Systems

HP Spartacote manufactures a full line of patented high performance resinous flooring systems which offer rapid return to service, outstanding durability and chemical resistance.


Elcometer, Inc.
Durability & Design meet
Performance & Reliability

Elcometer 319 Dewpoint Meter
View the technical data on the Elcometer Dewpoint meter.

 
 
 
Technology Publishing

The Technology Publishing Network

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

 
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 2000-2014, 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