Catching up on the day’s news, we see the House passed H.R. 5351, the Renewable Energy and Energy Conservation Tax, by a vote of 236-182. Eight Democrats voted no, 17 Republicans voted aye. Roll call here.
House Republican Whip Roy Blunt issued a statement:
As oil settles in above $100 a barrel, and natural gas makes its way toward $10 a thousand, the only thing the bill on the floor tonight would do is ensure today’s prices turn into tomorrow’s bargains.
Majority Leader Steny Hoyer also had a statement:
Last year alone, the five largest oil companies had a combined profit of $123 billion – which only provokes this question: Do these companies need and deserve these taxpayer subsidies? The answer, of course, is no.
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