February 12, 2009

Nuclear Pork Axed From Stimulus

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Senate and House negotiators cut a $50 billion provision from the stimulus package Wednesday that would have allocated funds for federal loans to the nuclear and coal industries.

The so-called “nuclear pork” authorized loans under the Energy Policy Act of 2005, which was intended to help fund alternative energy sources, but diverts the bulk of subsidies and tax breaks to nuclear reactors and “clean” coal plants.

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