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Bills

Congressional Legislation Details

Title as Introduced:

Rep. Pompeo's Energy Freedom and Economic Prosperity Act
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Bill Number:

H.R.3308

Description:

A bill to eliminate inefficient energy tax subsidies across the board, including credits for "green" technologies, fossil fuels, and nuclear energy.

Bill Sponsor

Mike Pompeo (REP KS)

Co-Sponsors:

Our Position:

We support this bill.

Dear Senator DeMint and Representative Pompeo,

On behalf of more than 1.8 million Americans for Prosperity activists in all 50 states, I write in strong support of S. 2064 and H.R. 3308, your bills to end the federal government’s long-standing and highly-unproductive practice of using the tax code to pick winners and losers in energy markets.

There are many reasons why our economy continues to struggle. One of the most evident is our nation’s broken tax code; it’s too complicated, the rates are too high, and there are too many exemptions, credits, and special interest giveaways that distort economic activity. For years the federal government has attempted to prop up politically-favored energy sources and new technologies that promised to be the “wave of the future.” First it was ethanol. Then it was “clean” and renewable sources like wind, solar, and biofuels. Today, some politicians are even asking for more handouts to prop up the natural gas vehicle industry. Yet these vast taxpayer-funded subsidies have done little to benefit the American economy. There’s been little change to our reliance on traditional fuels. High energy prices are still sapping much-needed resources from American families and businesses. In fact, a 2008 U.S. Energy Information Administration report showed that while federal government spending on energy subsidies doubled from FY1999 to FY2007, total domestic production remained unchanged and prices increased by more than 80 percent over that period of time.

Click here to read AFP's full letter of support!

Tell your Representatives to end wasteful tax credits for Ethanol!

Status:

Referred to House Energy and Commerce

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