Via Free Beacon:
A new Democratic legislative proposal would grant a tax credit of up to $5 billion for universities with programs studying “environmental justice,” according to a draft of the legislation released Tuesday.
The GREEN Act, proposed by Rep. Mike Thompson (D., Calif.), offers up to a $1 billion tax credit in each of the next five years to “institutions of higher education” that establish research programs focused on environmental justice. The credit would be 20 percent of the amount spent by institutions on the environmental justice program, and goes up to 30 percent of the program cost if the institution is a Historically Black College or University or a Minority Serving Institution.
Qualified environmental justice programs must have a “primary purpose of improving or facilitating the improvement of health and economic outcomes of individuals residing in low-income areas or areas populated disproportionately by racial or ethnic minorities,” according to a summary of the bill released by Thompson, chairman of the House Ways and Means Subcommittee on Select Revenue Measures.