Posts tagged: energy subsidies
The federal government offers an array of energy subsidies, and even Rep. Raul Labrador won’t go so far as to deem all of them failures. So why, exactly, is Idaho’s 1st Congressional District representative rushing to gut these subsidies? Is this self-avowed fiscal conservative looking for deficit reductions? Um, no. Labrador has co-sponsored a bill that would eliminate $90 billion in energy subsidies over a decade. But the savings would be plowed back into across-the-board reductions in the corporate tax — leaving the country no closer to erasing its debt. Is Labrador playing a little pre-election politics, by seeking to embarrass the White House over Solyndra, the solar energy company that went bankrupt after receiving $535 million in federal loan guarantees? Not exactly/Idaho Statesman. More here.
Question: Do you support Raul Labrador's attack on energy subsidies?
Idaho Congressman Raul Labrador held a press conference in Washington, D.C. today joining, anti-tax activist Grover Norquist, to announce that he's co-sponsoring legislation to do away with “all energy subsidies,” including tax incentives for plug-in electric and fuel cell vehicles, the production tax credit for renewable energy and the investment tax credit for equipment powered by solar, fuel cells or geothermal. “Instead of America's hardworking taxpayers footing the bill for billions of dollars in government subsidies, our legislation would empower the free market to determine which forms of energy our families and businesses use each and every day,” Labrador declared/Betsy Russell, Eye On Boise. More here.
Question: Do you agree with Labrador's legislation?