Expressing the sense of the House of Representatives that the United States should end all subsidies aimed at specific energy technologies or fuels.

Declares that the House of Representatives should: (1) provide no new energy subsidies by refusing any legislative proposal that includes new energy subsidy programs of any kind; (2) prohibit the expansion or extension of existing energy subsidies; (3) eliminate existing energy subsidies; and (4) begin tax simplification and reform by eliminating energy tax credits and deductions and reducing income tax rates.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 267 Introduced in House (IH)]

112th CONGRESS
  1st Session
H. RES. 267

 Expressing the sense of the House of Representatives that the United 
 States should end all subsidies aimed at specific energy technologies 
                               or fuels.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 12, 2011

 Mr. Pompeo (for himself, Mr. McClintock, and Mr. Labrador) submitted 
the following resolution; which was referred to the Committee on Energy 
and Commerce, and in addition to the Committee on Ways and Means, for a 
 period to be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

_______________________________________________________________________

                               RESOLUTION


 
 Expressing the sense of the House of Representatives that the United 
 States should end all subsidies aimed at specific energy technologies 
                               or fuels.

Whereas companies continue to innovate and adapt to a growing and volatile 
        energy market;
Whereas the primary role of the Government in the energy markets is to create an 
        economic climate where companies can continue to innovate and compete, 
        and thereby provide value and affordability to families and businesses;
Whereas it is not the role of the Government to favor one fuel source or energy 
        sector over another;
Whereas taxpayers have subsidized the energy industry with grants, direct loans 
        and loan guarantees, and tax credits aimed at specific industries for 
        decades;
Whereas deductions and cost-recovery mechanisms available to all energy sectors 
        are different than credits, loans and grants, and are therefore not 
        taxpayer subsidies;
Whereas a deduction of costs and cost recovery with respect to timing is not a 
        subsidy;
Whereas the current system of energy subsidies is opaque and unduly complex;
Whereas energy subsidies have consistently failed to bring down the price of 
        gasoline for consumers, and electricity and natural gas for industrial 
        users; and
Whereas eliminating energy subsidies from the Internal Revenue Code of 1986 will 
        allow us to lower the overall rate of corporate income tax without 
        increasing deficits: Now, therefore, be it
    Resolved, That the House of Representatives should--
            (1) provide no new energy subsidies by refusing any 
        legislative proposal that includes new energy subsidy programs 
        of any kind;
            (2) prohibit the expansion or extension of existing energy 
        subsidies;
            (3) eliminate existing energy subsidies; and
            (4) begin tax simplification and reform by eliminating 
        energy tax credits and deductions and reducing income tax 
        rates.
                                 <all>