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Senate Alert: Kill Energy Subsidies

Update: The Senate postponed the three energy subsidy amendments until next week.  Instead, they voted on amendments to drill in the outer continental shelf, expedite the keystone pipeline, and eliminate duplicative programs.  Needless to say, Democrats killed all three of those amendments.  We’ll fight on next week.

We’ve been gunning hard for the Pompeo/DeMint bill, which would end all subsidies and special tax preferences for energy companies.  This is our chance to stand decisively on the side of the free-market and against crony capitalism and picking winners and losers in the market.

Today, it was announced that the Senate will consider several non-germane amendments to the highway bill (S.1813).  Senator DeMint is offering his bill as an amendment (#1589) to the highway bill later this afternoon.  This is where we will separate the men from the boys within the Republican Party.  Please call your senators and tell them they must vote for the DeMint amendment if they are really sincere about ending corporate welfare.

Unfortunately, there are other amendments that will be offered in an attempt to further shield the inveterate rent-seekers in government. Senators Menendez and Burr are offering an amendment  (#1782) to pass the T. Boone Pickens natural gas subsidies.  Boone Pickens’s plan would grant a $4,000 tax credit per car produced by all manufacturers of natural gas vehicles.  It would also give consumers  a $7,500 tax credit for purchasing one of these vehicles.  Companies that install commercial fueling stations for these vehicles would be entitled to a $100,000 subsidy per station!

We’re not just against handouts for green energy; we must oppose them for natural gas as well.

Also, Senator Stabenow will offer an amendment (#1812) to counter DeMint’s bill.  Her amendment would extend all of the green energy credits and subsidies, including many of the new provision enacted in the 2009 Porkulous. [more background here]

Vote no on the Stabenow and Menendez-Burr amendments.  Vote yes on the DeMint amendment.  After today, we will know who really stands on the side of limited government.

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COMMENTS

  • mndasher

    It is not time to end all corporate and farm subsidies?

  • lineholder

    okay, so maybe there was some wishful thinking on my part!

    Thanks for the head’s up, Mr. Horowitz. Heading to the phone right now.

    • lineholder

      The person in his office that I spoke to took my information, and I made it as plain as I knew how that we have to get away from subsidies, and that DeMint’s bill is best way to go at this point.

      Don’t know that it will make any difference, though. Burr’s a proponent for state-managed capitalistic endeavors that favors subsidies if there ever was one. Once in a blue moon he breaks from that standard practice. Maybe this will be one of those times.

  • burke

    n/t

  • carolina

    They convert gasoline vehicles into gas vehicles.

    This does reduce costs for truckers, etc. So – let it stand on its own. If it makes market sense, it will happen with, or without, our tax $$.

    Thank goodnesss for DeMint.

  • renl57

    I emailed Scott Brown and urged him to support it.

    Kerry isn’t worth bothering with.

  • d_lamar

    NT

  • Kyle-MI

    Hopefully her GOP opponent will point out her no vote on the Keystone pipeline. Do we really need to remind people in MI what high gas prices do to the auto industry?

  • rhampton

    my gut tells me that the majority of conservative Americans favor subsidies for nuclear and fossil-fuel energy.

  • dajeeps

    Why would they be throwing money at auto manufacturers and not doing anything about the regulatory burdens for conversion of existing vehicles? It really doesn’t make that much sense since conversions create a hybrid gasoline/natural gas vehicle that could bridge us over to mostly natural gas vehicles without making people buy a new car to get the savings. As it stands it costs about $16k per vehicle to convert here in the US, compared to $2-3K elsewhere. I would gladly plunk down the $2-3k to convert my car with 23k miles on it, without the subsidy, but the $16k is more than the car is worth and it’s questionable as to whether it ever would be worth it at all.

    These bills, with exception of DeMint’s, are nothing but stimulus redux and have no inherent value to them other than the pork they pass out. It makes me want to vomit.

  • drfredc

    Seems like one solution to getting energy development moving is give a 25 cent cut in gas taxes to any state whose Congressional delegation supports energy development. One could to it the other way around, asking for 25 cent gas tax increase for any state that chooses to ban energy development…

    Either way, those folks who don’t want to help move the nation’s energy development forward should pay for their choice while those who are want to move forward are rewarded…