The Statement of Administration Policy today on H.R. 3221 and H.R. 2776 is available here in .pdf format. Well worth reading for the item-by-item listing of strong objections to this wrong-headed wrong direction on energy.
The stated goal of energy reform by the new majority in the House of Representatives was “to achieve energy independence, strengthen national security, grow our economy and create jobs, lower energy prices, and begin to address global warming.” The Administration is disappointed that the House has produced no such legislation, and instead is planning to consider H.R. 2776 and H.R. 3221, two bills that are not serious attempts to increase our energy security or address high energy costs. In fact, the combination of these two bills will result in less domestic oil and gas production, higher taxes to disadvantage a single targeted industry, and duplicative energy efficiency and R&D efforts that are largely underway already.
The White House argues for its “Twenty in Ten” initiative, which is not without its own dirigiste aspects, frankly, but avoids the jobs-killing tax increases and hostility toward domestic energy supply. And the conclusion:
Because H.R. 2776 and H.R. 3221 fail to deliver American consumers or businesses more energy security, but rather would lead to less domestic oil and gas production, higher energy costs, and higher taxes, the President’s senior advisors would recommend that he veto these bills.
To urge your member of Congress to oppose these damaging bills, please click here.
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