By Jim Campbell, Citizen Journalist
(GAO) released a report in response to a request from a bipartisan group of U.S. Senators detailing the effects of the United States’ energy policy on the American Public.
Today, the GAO Responded to Senators’ Request on Energy Tax Policies.
Interestingly, the Tax and Spend Democrats and the one RINO below had no interest and remain silent on the GAO report on recoverable oil in just Colorado, Utah, and Wyoming, are about equal to the entire worlds oil reserves.
Should Californians with common sense return the “Too Wrong for To Long” incumbent to the United States? Apparently the answer is an emphatic NO! as voters are daily learning more about Elizabeth Emken her challenger on November 6th. Please Visit Elizabeth Emken on the issues, while doing so contrast them with the tax and spend policies that Feinstein champions that have destroyed the economy driving business’ and jobs from the state.
While you are at it ask yourselves another question, who understands best how to spend my hard earned money Diane Feinstein or me? This answer is obvious isn’t it? It’s time to send a proven leader who will become a job creator rather than a job destroyer. That being the case it’s time to join California’s and vote for Eliabeth Emken 2012 for the United States Senate in 2012.
Senator Feinstein, answering questions about one of her pet projects, ethanol, after legislation supporting it had been repealed. Can the reader remember an energy policy favoring petroleum she has ever supported? Once again the aging tired U.S. Senator shows, she is beholden to the environmentalists while supporting unproven technology.
Predictably Diane Feinstein led the charge to figure ways to force more taxes on oil production while remaining mum on how tapping these sources, sponsoring legislation to drill would make America independent of oil from the Middle East. In the end such legislation would drive the price of oil per barrel into the ditch, thus making the U.S. no longer hostage to those who hate America and plan to overthrow the U.S. Constitution.
WASHINGTON, D.C. – The U.S. Government Accountability Office (GAO) released a report in response to a request from a bipartisan group of U.S. Senators detailing the effects of the United States’ energy policy on the American Public. Senators Olympia J. Snowe (R-Maine) and Jeff Bingaman (D-New Mexico) were joined by Max Baucus (D-Montana), Dianne Feinstein (D-California), and John Kerry (D-Massachusetts) in writing to the GAO in November 2009 to request the study to determine the effects of residential energy efficiency tax credits and provide suggestions on improving these policies.
The GAO report indicated that $5.288 billion was claimed in 2009 in total tax credits, significantly above the $2 billion estimated cost for both 2009 and 2010 when the tax credit was enacted in the American Recovery and Reinvestment Act. The Senators requested the report to find ways the tax credit can be structured and overhauled to reflect rising energy costs to best reduce CO2 emissions and the nation’s reliance on foreign oil. ( More Below)
“At a time when Americans spent nearly $500 billion on energy alone last year, we must aggressively overhaul our energy tax policies to put the focus on helping Americans reduce their energy bills,” said Senator Snowe. “I have long said our nation lacks a comprehensive energy policy and that it is vital we prioritize energy efficiency as we restructure our tax system for the long-term.
This approach can immediately cut the use of expensive oil and I am encouraged the GAO report highlights that performance-base tax policies, such as the ‘Cut Energy Bills at Home Act’ that I have introduced can catalyze investments in energy-saving products and ‘better target conservation investment spending.’ Our energy tax policies must be singularly focused at responsibly reducing energy bills and I urge my colleagues to join me in overhauling our energy tax code and assisting homeowners investing in energy-saving technologies.”
“This GAO report highlights some key ways to improve this important tax incentive when Congress takes up the task of updating our energy tax laws, which it should turn to as soon as possible.”