Rep. Rahm Emanuel (D-Ill.) proposes $3000 tax credit

Emanuel laid out his American Hybrid Tax Credit Act at a news conference in Chicago. Standing next to a Ford Escape (SUV) Hybrid, Emanuel proposed upping the ante on tax credits for consumers buying hybrid vehicles.

With oil prices at $58 a barrel, Emanuel would like to reduce America's dependence on foreign oil. He expects support from across the aisle, pointing out Rep. David Camp (R-Mich.) has proposed a similar bill.

I found this story at the Chicago Sun-Times.