I will focus on lowering energy costs. I will push Congress and the Administration to make major investments in developing other fuels as alternatives to continuing dependence on imported oil. We understand the need every time we buy gasoline and pay
our air-conditioning bill but Congress and the Administration refuse to confront the big oil and gas companies and consider alternatives such as ethanol, solar, the wind, and hybrid cars.
Source: Campaign website, www.cohenforcongress.com, "Issues"
Nov 7, 2006
Voted YES on tax incentives for renewable energy.
CONGRESSIONAL SUMMARY: Renewable Energy and Energy Conservation Tax Act of 2008:
Production Incentives: Extends through 2011 the tax credit for the production of electricity from renewable resources (e.g., wind, biomass, geothermal, and hydropower).
Extends through 2016 the energy tax credit for investment in solar energy and fuel cell property.
Allows a new tax credit for the production of plug-in hybrid vehicles.
Extends through 2010 the tax credits for biodiesel (including agri-biodiesel)
Allows an alcohol fuels tax credit for the production of qualified cellulosic alcohol fuel.
Denies the tax deduction for income attributable to domestic production of oil, gas, or any related products.
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
Reference: Renewable Energy and Energy Conservation Tax Act;
Bill H.R.5351
; vote number 08-HR5351
on Feb 12, 2008
Voted YES on investing in homegrown biofuel.
H.R.3221: New Direction for Energy Independence, National Security, and Consumer Protection Act: Moving toward greater energy independence and security, developing innovative new technologies, reducing carbon emissions, creating green jobs, protecting consumers, increasing clean renewable energy production, modernizing our energy infrastructure, and providing tax incentives for the production of renewable energy and energy conservation.
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.
Reference: New Direction for Energy Independence;
Bill HR3221
; vote number 2007-0832
on Aug 4, 2007
Voted YES on criminalizing oil cartels like OPEC.
Amends the Sherman Anti-Trust Act to declare it to be illegal for any foreign states to act collectively to limit the US price or distribution of oil, natural gas, or any other petroleum product. Denies a foreign state engaged in such conduct sovereign immunity from the jurisdiction of US courts
Proponents support voting YES because:
Gas prices have now reached an all-time record high, $3.27 a gallon, topping even the 1981 spike. This won't be the end of these skyrocketing price hikes either.
OPEC oil exports represent 70% of all the oil traded internationally. For years now, OPEC's price-fixing conspiracy has unfairly driven up the price and cost of imported crude oil to satisfy the greed of oil exporters. We have long decried OPEC, but have done little or nothing to stop this.
The time has come.
This bill makes fixing oil prices or illegal under US law, just as it would be for any company engaging in the same conduct. It attempts to break up this cartel and subject these colluders and their anticompetitive practices to the antitrust scrutiny that they so richly deserve.
Opponents support voting NO because:
We can only affect OPEC subsidiaries in the US. So the result of this bill would be to hurt US companies while not affecting OPEC itself.
OPEC is a cartel, but we have to deal with it diplomatically. The Sherman Anti-Trust Act was designed for US monopolies, not international state-run cartels.
We should focus on domestic policies to affect gas prices. We cannot respond to a short-term crisis with a long-term response.
Reference: No Oil Producing and Exporting Cartels Act (NOPEC);
Bill H R 2264
; vote number 2007-398
on May 22, 2007
Voted YES on removing oil & gas exploration subsidies.
Creating Long-term Energy Alternatives for the Nation (CLEAN) Act
Title I: Ending Subsidies for Big Oil Act--denying a deduction for income attributable to domestic production of oil, natural gas, or their related primary products.
Title II: Royalty Relief for American Consumers Act--to incorporate specified price thresholds for royalties on oil & gas leases in the Gulf of Mexico.
Title III: Strategic Energy Efficiency And Renewables Reserve--makes the Reserve available to accelerate the use of clean domestic renewable energy resources and alternative fuels.
Proponents support voting YES because:
This legislation seeks to end the unwarranted tax breaks & subsidies which have been lavished on Big Oil over the last several years, at a time of record prices at the gas pump and record oil industry profits. Big Oil is hitting the American taxpayer not once, not twice, but three times. They are hitting them at the pump, they are hitting them through the
Tax Code, and they are hitting them with royalty holidays put into oil in 1995 and again in 2005.
It is time to vote for the integrity of America's resources, to vote for the end of corporate welfare, to vote for a new era in the management of our public energy resources.
Opponents support voting NO because:
I am wearing this red shirt today, because this shirt is the color of the bill that we are debating, communist red. It is a taking. It will go to court, and it should be decided in court.
This bill will increase the competitive edge of foreign oil imported to this country. If the problem is foreign oil, why increase taxes and make it harder to produce American oil and gas? That makes no sense. We should insert taxes on all foreign oil imported. That would raise your money for renewable resources. But what we are doing here today is taxing our domestic oil. We are raising dollars supposedly for renewable resources, yet we are still burning fossil fuels.
Reference: Creating Long-Term Energy Alternatives for the Nation(CLEAN);
Bill HR 6 ("First 100 hours")
; vote number 2007-040
on Jan 18, 2007
Regulate wholesale electricity & gas prices.
Cohen adopted the Progressive Caucus Position Paper:
The Problem
Escalating energy costs have almost no correlation with supply and demand. Adequate capacity to supply our current energy needs is and has always been plentiful within the energy markets. Newly formed deregulated energy companies are creating an artificial shortage and reaping tremendous profits while doing so.
The Progressive Caucus Solution: Wholesale Cost-based Pricing with Refunds
In the 1930s, wholesale electricity prices and wholesale natural gas prices were regulated, and the regulations provided for refunds if unjust or unreasonable rates were found. Since the late 1970s, these laws have been methodically dismantled leaving little federal price regulations to protect consumers. However, energy prices are easily manipulated as production and delivery systems are complex. Cost-based rates for wholesale electricity, natural gas, heating oil should be established to protect consumers from unjust and unfair prices. Cost based rates allow utilities to
recover the cost of their investment and operations while also allowing a reasonable profit. This is not a price cap— FERC sets prices based on a specific, professional rationale. Establishing cost-based rates ensure adequate supply is available and removes the profit incentive from shorting the market. The rates should be set retroactively to the beginning of 2000. Refunds will be issued to families and businesses who have racked up incredible debt in 2000 and 2001, paying the unreasonable and unjust charges that the energy producers, generators and wholesalers inflicted.
The Progressive Caucus advocates:
Implement wholesale cost-based pricing of electricity & natural gas to ensure consumers are not gouged. Require refunds when necessary.
Grant FERC new powers to regulate heating oil prices at the wholesale level. Cost-based pricing of heating oil will ensure consumers are protected from heating oil price spikes.
Source: Progressive Caucus' Consumer Energy Rate Relief Act 01-CPC1 on Mar 16, 2001
