Driving the Day: A Strong Anti-Subsidy Stand!
An outspoken opponent of the ridiculous NAT GAS Act (H.R.1380), Congressman Mike Pompeo (R-KS) introduced H.RES.267 yesterday, a bill aimed at ending subsidies for America’s energy industry. The resolution will:
“Express the sense of the House of Representatives that the United States must end all grants, direct loans, loan guarantees, and tax credits aimed at specific sectors of the energy industry. My resolution will also express the view that Congress should no punish any specific sector of the economy…”
Pompeo sites that in 2009, the government spent over $18 billion on energy subsidies, which haven’t lived up to their goals. The Congressman disagrees with the government’s desire to spend taxpayer dollars to boost any one particular energy source. The government has already shown favoritism with hydrogen and ethanol, neither of which has panned out as promised.
In March, Heritage Action and dozens of other conservative groups urged Congress to end energy subsidies. Unfortunately, many in Congress are committed to a business as usual approach. The NAT GAS Act, cosponsored by 185 representatives, includes tax subsidies up to $4,000 per vehicle for car companies to build natural gas vehicles, up to $100,000 for natural gas fuel pumps, up to $2,000 for home refueling pump units, 50 cents per gallon for natural gas fuel, and $7,500 to $64,000 for users of natural gas vehicles depending on the weight of the vehicle.
Natural gas vehicles may or may not be the future of transportation, and Mr. Pompeo concedes as much; however, it is not the government’s role to decide which alternative energy sources thrive and which are ignored.
It’s time we stand with Mr. Pompeo and put an end to subsidies; that includes stopping the NAT GAS Act before it even gets to the House floor. The following members have cosponsored Mr. Pompeo’s resolution:
Today at 12:45am there will be a press conference held on the House Triangle. In attendance are Congressman Mike Pompeo (KS-04), Congressman Raúl Labrador, Grover Norquist, Founder of Americans for Tax Reform, and Michael Needham, Chief Executive Officer of Heritage Action for America. The four will discuss their opposition to energy subsidies.