Posted on 08/14/2007 5:15:44 PM PDT by Kaslin
Both Houses of Congress have labored for months on energy bills that claim to reduce our reliance on oil imports, increase energy efficiency and move the country toward energy independence.
Both Houses of Congress have labored for months on energy bills that claim to reduce our reliance on oil imports, increase energy efficiency and move the country toward energy independence.
Instead, it looks like Congress is planning to tax our way to energy insecurity with provisions that put American energy companies at a global disadvantage.
These bills fall short in many ways, but the most striking provision is the repeal of the foreign income tax credit, which singles out American companies to be double-taxed.
(Excerpt) Read more at ibdeditorials.com ...
Freakin’ idiots! That’s like taxing food to combat hunger!
I believe we need to migrate to a natural gas based transportation. There is an estimated 700 Trillion cubic feet of natural gas reserves in the existing coal beds in the US. Many manufacturers already can provide CNG vehicles and a substantial distribution infrastructure already exists.
CNG burns cleaner than either gas or diesel and can provide the energy independence we need.
Investing in nukes would be a good idea to increase the power production for electricity as well.
Congress repeals first law of economics; supply and demand no longer in effect within the continental US. /sarc
Have you looked at the paperwork involved to convert an existing automobile to CNG? The govt’ don’t want you going there. I think Argentina went that route successfully though. We could to if the govt’ weren’t involved.
Oh no. Dick Nixon and Jimmy Carter all over again?
Democrats can’t understand the concept embodied in the title.
An old truth : if you want MORE of something you tax it less, if you want LESS of something you tax it more. This has been PROVEN by GWB’s tax reductions and our dynamic economy is the result. This is just more tax-and-spend dem-nonsense, veto it...
Sure it is if your objective is bring this country to its knees and at the mercy of its many enemies including most of the Democrat politicians.
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