May 6th, 2010
06:53 PM ET
4 years ago

House approves $6 billion 'cash for caulkers'

New York (CNNMoney.com) – House lawmakers on Thursday approved a $6 billion measure that aims to provide rebates to homeowners who invest in energy efficiency improvements - but not without a fight from Republicans.

The bill, officially known as the Home Star Energy Retrofit Act but better known as "cash for caulkers," has been touted by President Obama since February as one of the signature pieces of his administration's larger job-creation strategy.

The act "is a common-sense bill that will create jobs, save consumers money, and strengthen our economy," President Obama said after the House passed the measure. "We have workers eager to do new installations and renovations, and factories ready to produce new energy-efficient building supplies."

House Speaker Nancy Pelosi, D-California, estimates that the legislation will create nearly 168,000 jobs in construction, manufacturing, and retail.

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Filed under: Congress • Jobs • President Obama
soundoff (6 Responses)
  1. Anonymous

    "The Republican requirements also disqualify from the program homeowners with an annual income of more than $250,000 from the program." "Disqualify" or "make exemp". That is the question...You not only see "it" in politics now but, in disclaimers, verbatims and in everyday speak. I said this, in which MANY different forms of interpetation can be misconstrued, and twist it around. My boss stated that he "did not weld that part". As opposed to, "I did not have that part welded. Technically, he is correct, just using "respeak". I told the truth, just not enough for you to KNOW the WHOLE truth! The Relics want to make sure that THEY are taken care of. Let us ponder...
    A somewhat good idea FOR the American people is being placed on the board... NO ideas are there due to the other "no-longer-a-"party"...
    H-U-M-M-M... IT'S A NO BRAINER!!! This current administration is WORKING for US! The others are working FOR THEMSELVES!? Go figure...Beau Colby

    May 6, 2010 07:30 pm at 7:30 pm |
  2. Lib Hunter

    Could we trade in Obozo for cash? Oh nevermind, that wouldve fell under the Cash for Clunkers Program. I guess well have to wait until 2012 to trade him in.

    May 6, 2010 07:34 pm at 7:34 pm |
  3. George of the jungle

    This is a great bill. I have used it myself and saved both on tax incentives and dollar amounts. Complaine about unemployment and then do nothing to help a typical repo plan No No No hey I love that ol palin is indorsing candidates. She is not in any office. I guess this is an extention of Fox. thats who she must represent. Rebublicans are not just the party of no but the party of uselessness.

    May 6, 2010 07:35 pm at 7:35 pm |
  4. joe

    When is this going to stop. Spend spend spend. Where is the money coming from??? All you Obama lovers better get ready to reach into your wallet for more taxes. TAxes that you wont even know are happening like the VAT. You wont feel it until you go to buy somehting and wonder why you are paying 20-30% more for a product. You all better wake up... The spending cannot go on unabated. He is jeopardiaing your future, your children and your grandchildren.

    May 6, 2010 07:45 pm at 7:45 pm |
  5. MJ

    Great – Another Government Clunker Program. Guess who is really paying for this .... Create Jobs? Save Consumers Money? Wake up America. Just how does this strengthen our Economy? People buying what that can not afford will surely help the Credit Card Industry, but not the huge deficit our Government has shoved us in to.

    May 6, 2010 07:46 pm at 7:46 pm |
  6. Obama, Reid Pelosi continue to spend......

    and we are ever closer to being the next Greece.

    This is what happens when you have a community organizer as President.

    May 6, 2010 07:47 pm at 7:47 pm |