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US: $5 billion more for 'green' tax breaks

To pitch the tax breaks, VP Biden meets with CEOs today

Obama administration today rolls out plans to triple the original $2.3 billion it set aside in last winter's stimulus package for Section 48C tax breaks on new batteries, wind-power, energy-conservation and other "green energy" investments, by asking Congress to fund $5 billion for additional tax breaks, with the idea it'll create more jobs.

To pitch the tax breaks, VP Joe Biden meets today with CEOs of Dow Corning, Honeywell, Procter & Gamble, Goodyear, Nucor, Harley-Davidson, International Paper, etc.; and the IBEW electrical workers' union, among others, says Bloomberg here.