Home news

HBC Publications

The Majority's Energy Bill

Higher Taxes, Higher Spending - Less Energy (H.R. 6899)

f t # e
Washington, Sep 16, 2008 | comments
Stung by criticism of their energy policy negligence, House Democrats have conjured a fig leaf measure ostensibly expanding oil drilling in the Outer Continental Shelf [OCS]. But the cynical bill getting rushed to the floor is designed to fail, assuring the Majority’s long-promised “Energy Independence Day” will not arrive. The legislation continues limiting production of America’s abundant domestic fuel resources, and charts a path that may leave American consumers worse off. It also follows the Majority’s typical course of increasing spending and raising taxes all in the name of pay-as-you-go [PAYGO], while ignoring deficit reduction.

Read the full report here.
f t # e