Motley Fool Bullish on Passage of HOME STAR Act
In a video commentary posted yesterday, business analyst Jason Moser of The Motley Fool had some encouraging words about the Home Star Energy Retrofit Act now pending in Congress. Speaking about future prospects for the home improvement industry, Moser cited a recent rise in earnings at Lowe’s and Home Depot, then added that: “”The wild card in all this is what’s known as the Home Star Energy Retrofit Act. For those who aren’t familiar with that, it’s actually known better as ‘Cash for Caulkers. … Now Cash for Caulkers hasn’t quite made it through all the way. It’s been approved by the House, but it’s still going through the Senate, and at this time it looks like it’s going to be passed, so I think we’re going to see some form of the bill here in the next few weeks.”
Watch Moser’s video report here:
www.fool.com/investing/general/2010/05/27/cash-for-caulkers-a-home-run-for-the-home-improvem.aspx
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I’m a little torn on this bill passing. Although it would be great to see the added jobs and increased efficiency with the benefit of reducing dependence on oil I am skeptical about where the money will come from. I don’t want to create more tax burdens for my children.