Charles Pickering on Energy & Oil
Republican Representative (MS-3)
Congressional Summary: A bill to amend the Internal Revenue Code of 1986 to provide Tax incentives for energy production and conservation, to extend certain expiring provisions, and to provide individual income tax relief.
Opponents argument for voting NAY: Sen. SPECTER: H.R. 6049 would revive important tax provisions that expired at the end of 2007 and extend provisions that are set to expire at the end of 2008. I support extension of the R&D tax credit, the renewable energy tax incentives, and many other important provisions in this package.
Despite the positive elements of this legislation, the main sticking point is whether temporary extensions of tax relief should be offset with permanent tax increases elsewhere. The White House issued a statement recommending a Presidential veto of this bill in its current form. [Vote NAY to] allow the Senate to work its will and pass legislation that can be quickly signed by the President.
SUPPORTER'S ARGUMENT FOR VOTING YES:Rep. MATSUI: Today's debate is about investing in renewable energy, which will chart a new direction for our country's energy policy. This bill restores balance to our energy policy after years of a tax structure that favors huge oil companies. Today's legislation will transfer some of the massive profits enjoyed by these oil companies and invest them in renewable resources that will power our economy in the future.
OPPONENT'S ARGUMENT FOR VOTING NO:Rep. SMITH of Texas: I oppose H.R. 5351. While it is well and good to encourage alternative energy development, Congress should not do so by damaging our domestic oil and gas industry. In 2006 all renewable energy sources provided only 6% of the US domestic energy supply. In contrast, oil and natural gas provided 58% of our domestic energy supply. The numbers don't lie. Oil and natural gas fuel our economy and sustain our way of life.
Furthermore, almost 2 million Americans are directly employed in the oil and natural gas industry. Punishing one of our Nation's most important industries does not constitute a national energy policy.
LEGISLATIVE OUTCOME:Bill passed House, 236-182
Proponents support voting YES because:
Rep. PELOSI: This bill makes the largest investment in homegrown biofuels in history. We know that America's farmers will fuel America's independence. We will send our energy dollars to middle America, not to the Middle East.
Rep. TIERNEY: This bill incorporates the Green Jobs Act, which will make $120 million a year available to begin training workers in the clean energy sector. 35,000 people per year can benefit from vocational education for "green-collar jobs" that can provide living wages & upward mobility.
Opponents recommend voting NO because:
Rep. SHIMKUS: I'm upset about the bill because it has no coal provisions. What about coal-to-liquid jobs? Those are real jobs with great wages. Energy security? We have our soldiers deployed in the Middle East because it's an important national security interest. Why? We know why. Crude oil. How do we decrease that importance of the Persian Gulf region? We move to coal-to-liquid technologies. What is wrong with this bill? Everything. No soy diesel. No ethanol. No coal. Nothing on nuclear energy. No expansion. There is no supply in this bill. Defeat this bill.
Rep. RAHALL: [This bill omits a] framework to sequester carbon dioxide to ensure the future use of coal in an environmentally responsible fashion. We can talk about biofuels all we want, but the fact is that coal produces half of our electricity for the foreseeable future. We must aggressively pursue technologies to capture and store the carbon dioxide.
OnTheIssues.org interprets the 2005-2006 CAF scores as follows:
The Campaign for America's Future (CAF) is a center for ideas and action that works to build an enduring majority for progressive change. The Campaign advances a progressive economic agenda and a vision of the future that works for the many, not simply the few. The Campaign is leading the fight for America's priorities--against privatization of Social Security, for investment in energy independence, good jobs and a sustainable economy, for an ethical and accountable Congress and for high quality public education.
About the CAF report, "Energy Independence: Record vs. Rhetoric":
Energy independence has surfaced as a defining issue in the current elections. Are most candidates and both parties truly committed? To help distinguish the demonstrated level of support for homegrown, clean energy alternatives, we examined the voting records of current U.S. Representatives and Senators on bills vital to promoting those interests. Key pieces of legislation included goals for independence, and subsidies for the development of alternatives compared to subsidies for drilling and digging. We then compared votes on these issues with campaign contributions from major oil interests. The results show strong inverse correlations between political contributions from big oil and votes for energy independence.
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