Saturday, August 04, 2007
Posted by: John Campbell at 3:21 PM

It is a rare Saturday blog but that is because we are in a rare Saturday session of Congress. I won't bore you with the circumstances that led to this weekend's legislative endeavor, I am sure you have heard or read about the mess the Democratic leadership has created over the past two days, but know that even on a weekend your pocketbooks & wallets are not safe from the tax & spenders in Congress.

One of the first items Pelosi and her team will attempt to ram through today is an Energy bill that is divided into two parts. The fiscal part of this bill is the "Renewable Energy & Energy Conservation Tax Act." Now, I am the first to admit there are several good things in this legislation and I have been an advocate of alternative energy development my whole political career including solar and nuclear energy.

However, these small concessions are overshadowed by the $15.3 billion in tax increases this bill contains on domestic energy exploration & production, creation and sale of renewable diesel, and international creation & sale of biodiesel & ethanol fuels. In addition, while the program in the bill that provides $2 billion in renewable energy bonds for the creation of renewable energy facilities is admirable, the mandate that any renewable energy facility built with these funds must submit to Davis-Bacon standards is not.

This bill will only hurt domestic energy production, increase energy costs to consumers and small businesses, and increase our dependence on foreign energy providers. This is not what should be at the core of a sound domestic energy policy, no matter how appealing the smaller pieces around the edges may be.



View in ascending order View in descending order
right_wing2 writes: Sunday, August, 05, 2007 4:42 PM
government spending on research
While I certainly agree with the need for alternate sources of power, I'd rather see tax credits used to encourage ANY energy research, instead of government funding for the currently popular 'fad' alternate energy sources.

That'd go for medical research as well.
chuck writes: Monday, August, 06, 2007 12:02 PM
TAX HOGS
Why are we letting Congress pass bills that will raise our taxes. Oh wait this is step to making the people feel bad and then they will not complain to much. Just another LIB NEO_COMMIE move against WE THE PEOPLE. I thgought we got rid of the TAX AN SPEND REPS. They are all crooked and we will pay for what we did in 06 election.
skylark writes: Monday, August, 27, 2007 1:02 AM
Ethanol
I think it's a recipe for more inflation to use a food crop (corn)to make fuel for our cars and trucks. Practically every thing we eat and drink uses CORN in its production, meat,corn syrup, tortillas etc. Not to mention that ethanol lowers the miles per gallon that we want to increase. But we must keep the corn farmers happy, Right? To hell with the rest of our citizens.
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Address 1:
*
Address 2:
City:
*
State:
*
Zip:
*
 

About John Campbell

John Campbell is a member of the House Financial Services Committee, and has taken a leadership role in addressing the country's top economic issues. Campbell serves as a member of the Joint Economic Committee, and House Committee on the Budget. He has a Bachelor's Degree in Economics from UCLA and a Master's Degree in Taxation from USC.

Create You Own Blog on Townhall.com - IT'S EASY Search User Blogs on Townhall.com :: Where Your Opinion Counts
Young America
Young America's Foundation
Panel Discussion: Remembering Reagan
Listen Now Listen Now
Click to download Podcast Podcast