Ways and Means members look to make green jobs the next item on Congress’ jobs agenda, according to a committee discussion draft.
Members and staff are expected to come up with proposals aimed at boosting employment in fields related to renewable energy, green manufacturing and energy conservation.
If a green jobs package emerges, it will follow a proposal aimed at helping small businesses. Ways and Means Chairman Sandy Levin (D-Mich.) is expected to mark up small business jobs package on Tuesday.
The bill’s centerpiece temporarily exempts stock in start up companies from capital gains taxes as well as increases the deductions for certain expenditures made by small business owners. Pension relief measures could also be included. The total package is expected to cost between $12 billion and $13 billion.