Rep. Gosar Supports Legislation to End Energy Tax Subsidies

| July 27 2012

(Editor’s note: ICYMI, below, Rep. Gosar is taking a legislative stand against one of government’s most pernicious violations of our equality under the law—the practice of picking winners and losers.)

 

The Energy Freedom and Economic Prosperity Act Ends the Federal Practice of Picking Winners and Losers in the Energy Sector

WASHINGTON, D.C. – Today, U.S. Congressmen Paul Gosar (R-AZ) announced he has cosponsored the Energy Freedom and Economic Prosperity Act (H.R.3308)introduced by fellow freshman Congressman Mike Pompeo (R-KS).  H.R. 3308 will reduce government interference in the energy sector by repealing all energy tax credits.

“The federal government has no business picking winners and losers in the energy sector,” said Rep. Gosar.  “Mr. Pompeo’s bill eliminates these wasteful subsidies while concurrently lowering taxes for job creators.  Our nation can create jobs and implement an all-of-the-above energy strategy without subsidizing any form of energy production.”

As one of the top watchdogs on the House Oversight and Government Reform Committee, Congressman Gosar has fought to expose the Department of Energy’s mismanagement of the Management of Loan Guarantee Programs.  The investigations into Solyndra have made it clear that the Obama Administration ignored merit-based considerations in order to push a political agenda, leaving the taxpayer still on the hook for millions of dollars.

Additionally, Congressman Gosar has voted to end the federal government’s practice of picking winners and losers in the energy sector.  Last month, he voted to eliminate the account used by the Department of Energy to issue its preferential loans and put the $1.45 billion in savings toward deficit reduction.  He also voted to block all future loans under Section 1703 of the Title 17 loan guarantee program.

Last week, Congressman Gosar introduced The Public Lands Renewable Energy Development Act of 2012legislation that streamlines permitting for renewable energy projects on public lands, facilitates job creation, and reduces the deficit.  The Congressman knows our nation can put forth a bold all-of-the-above energy plan without subsidizing any form of energy production.

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