White House Backs $5 Billion Clean Energy Tax Credit

WASHINGTON (Reuters) – Vice President Joe Biden on Wednesday proposed a $5 billion expansion of a clean energy tax credit as the White House unveiled the latest part of its push to tackle double-digit U.S. unemployment.

Senior Obama administration officials said they were confident of getting quick congressional support for the plan, which they expect to generate $15 billion or more in private investment and create tens of thousands of new manufacturing jobs.

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