Posted on 07/28/2005 10:31:13 AM PDT by katieanna
WASHINGTON - The House by a wide margin approved a mammoth energy plan for the nation Thursday that sends billions of dollars in tax breaks and subsidies to energy companies, but is expected to do little to reduce U.S. oil consumption or dampen high energy prices.
"This is a good bill for America," declared Rep. Joe Barton (news, bio, voting record), R-Texas, a key author of the legislation. "It is for America's future."
This will be far better for the country than CAFTA.
Carolyn
wow, nice unbiased lede to that article about the energy bill
Anybody have the particulars of this bill? I tend to cringe whenever I see reports of a "massive" bill...
Why is it that every piece of legislation that comes out of Washington now looks like a farm bill?
I think we should reward them by giving them a bigger bonus this year and more retirement money
They could really use a nice loooooong summer vacation...
send them all someplace where they would do the least harm.
TERM LIMITS...we need TERM LIMITS
1. Is ANWR in it?
2. Is nuclear power in it?
Instead of this:
"...that sends billions of dollars in tax breaks and subsidies to energy companies."
they could've said:
"A bill that creates incentive for energy companies to invest in research to find new energy sources, that when developed, could reduce America's dependency on foreign oil."
I still like the idea of nuclear/electrical/desalination plants. Water & electricity in one plant!
"TERM LIMITS...we need TERM LIMITS"
Already have term limits, it's called the VOTE. Elected offials terms are limited to the amount of times their constituents elect them.
I think it is because the GOP has "settled in."
How sad for America.
The bill would funnel $2.7 billion in tax breaks to the oil and gas industries and provide additional support in form of royalty relief, including $500 million over 10 years for research into drilling in extremely deep areas of the Gulf of Mexico.
Subsidies and tax breaks for wind, geothermal and solar industries and technology aimed at making coal more environmentally friendly.
• New efficiency standards for commercial appliances from air conditioners to refrigerators.
• Requirement for utilities to meet federal reliability standards for the electric transmission grid, hoping to avoid future blackouts like the one in the summer of 2003.
• Easing the way for more imports of liquefied natural gas by giving federal regulators final say over import terminals.
• Spurring construction of new nuclear power reactors by offering loan guarantees and "risk insurance" against regulatory delays for the initial units to be built.
I don't see anything about ANWR
"...that sends billions of dollars in tax breaks and subsidies to energy companies."
they could've said:
"A bill that creates incentive for energy companies to invest in research to find new energy sources, that when developed, could reduce America's dependency on foreign oil."
In other words you want the media to shill for this bill? Subsidies are subsidies, and need to be reported as such. It's the Democrat style to come up with all sorts of euphemisms for goverment spending.
Nuclear power is, IMHO, more important to us for the long term anyway. Good to see that its likely going to happen, it's thirty-plus years overdue.
Especially the wind, solar and ethanol giveaways.
Why read any further?
?....Millions of Chinese Communist Military Oil-worker-troops (ala Sudan) to join their Chinese Communist Military brothers already on the U.S. taxpayer citizens payroll NOW WORKING IN COLORADO....????
.....Factory prisons planned?
/sarcasm?......$$$$$$$$$$$$$$$$$$$
ANWR was attached to the budget bill, so it's already a done deal.
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