1980 Scorecard Vote
H.R. 3919. The vote is on the D'Amours amendment to provide $26 billion in tax credits for people who install energy conservation and solar equipment. The money would come from the Crude Oil Windfall Profits Tax, which will take about $227 billion from the oil companies, out of an estimated trillion dollars in profits they make from the decontrol of oil prices. This measure passed the Senate overwhelmingly with support from business, labor and environmental groups. But the House-Senate Conference Committee cut the tax credits down to $7 billion, and refused to give any credits for heat pumps, solar process heat, passive solar construction, wood stoves or more efficient furnaces. The D'Amours amendment would have restored the Senate language. The Harvard Business School study "Energy Futures" recommended such tax credits as one of the best ways to stimulate energy conservation investments and reduce our dependency on foreign oil. Rejected 196-207. February 20, 1980. YES is the correct vote.