Travis Childers on Energy & Oil
Proponent's argument to vote Yes:Rep. ED MARKEY (D, MA-7): For the first time in the history of our country, we will put enforceable limits on global warming pollution. At its core, however, this is a jobs bill. It will create millions of new, clean-energy jobs in whole new industries with incentives to drive competition in the energy marketplace. It sets ambitious and achievable standards for energy efficiency and renewable energy from solar, wind, geothermal, biomass so that by 2020, 20% of America's energy will be clean.
Opponent's argument to vote No:Rep. BOB GOODLATTE (R, VA-6): I agree that this bill has very important consequences, but those consequences are devastating for the future of the economy of this country. It's a fantasy that this legislation will turn down the thermostat of the world by reducing CO2 gas emissions when China & India & other nations are pumping more CO2 gas into the atmosphere all the time. We would be far better served with legislation that devotes itself to developing new technologies before we slam the door on our traditional sources of energy like coal and oil and and nuclear power. We support the effort for energy efficiency. We do not support this kind of suicide for the American economy. Unfortunately, cap and trade legislation would only further cripple our economy.
Proponent's argument to vote Yes: Rep. RICHARD NEAL (D, MA-2): This bill contains extensions of popular tax incentives that expired at the end of last year. This needs to get under way. The R&D tax credit is important. This bill includes a number of popular and forward-thinking incentives for energy efficiency. This is a very balanced bill which does no harm to the Federal Treasury. It asks that hedge fund managers pay a bit more, and it delays an international tax break that hasn't gone into effect yet. It is responsible legislation.
Opponent's argument to vote No:Rep. DAVE CAMP (R, MI-4): We are conducting another purely political exercise on a tax bill that is doomed in the other body because of our House majority's insistence on adhering to the misguided PAYGO rules. The Senate acted on a bipartisan basis to find common ground on this issue. They approved a comprehensive tax relief package containing extenders provisions that are not fully offset, as many Democrats would prefer, but contain more offsets than Republicans would like. Why is this our only option? Because the Senate, which has labored long and hard to develop that compromise, has indicated in no uncertain terms that it is not going to reconsider these issues again this year.
[The bill was killed in the Senate].
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