House Votes Would Promote Energy Policy for U.S. Jobs, Competitiveness

By February 17, 2011Energy, Taxation

The National Association of Manufacturers this afternoon sent a “Key Vote” letter to the U.S. House of Representatives calling for specific votes on three amendments to H.R. 1, the continuing resolution, that would promote a jobs- and growth-oriented energy policy. The premise:

Manufacturers support energy policies that: 1) expand domestic supplies; and 2) lower costs for U.S. consumers and for manufacturers, which use one-third of our nation’s energy. Access to competitively priced energy helps U.S. companies compete in the global economy and preserves high-paying jobs here at home.

The NAM urges a vote for two amendments:

  • OCS Exploration. Amendment 251 sponsored by Congressman Steve Scalise (R-LA-1) would prevent delays in approving plans/permits for energy exploration in the Outer Continental Shelf (OCS).The Department of Interior’s (DOI) permitting requirements have effectively brought drilling activities in the Gulf of Mexico to a halt, creating a de facto moratorium.
  • Coal Ash Regulations. Amendment 217 sponsored by Congressman David McKinley (R-WV-1) would prevent the Environmental Protection Agency (EPA) from moving forward with plans that would classify coal combustion residuals (CCRs) or coal ash as a hazardous waste under the Resource Conservation and Recovery Act (RCRA). Regulating coal ash as a hazardous waste will trigger an increase in disposal expenses for coal-fired power plants and other coal ash generators, likely resulting in higher energy costs for manufacturers.

The NAM urges a no vote on one amendment:

Punitive Taxes on U.S. Energy Producers. Amendment 213 sponsored by Congressman Ed Markey (D-MA-7) would impose roughly $50 billion in tax increases on major oil and gas companies by: repealing the Section 199 domestic manufacturing tax credit for these companies; prohibiting their use of last-in, first-out (LIFO) accounting methods; changing the tax treatment of dual capacity taxpayers; and more.

The NAM strongly opposes discriminatory tax policies, especially when they single out a particular type of business or industry sector. Tax increases on the oil and gas industry will lead to increased fuel costs for American manufacturers and consumers. Raising the price of fuel for manufacturers and the broader business community will further stifle their ability to expand and create jobs.

NAM “key votes” are used to determine a member of Congress’ record on manufacturing-related legislation.

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