Are Republicans Coming to their Senses about Natural Gas Subsidies?
by Capitol ConfidentialIn the wake of the debt ceiling negotiations that paralyzed Washington for weeks and the ensuing last-minute deal that has been criticized by many on the right for failing to change the way Washington spends money, it looks like Republicans supportive of pending natural gas subsidy legislation are eager to avoid shining too much light on the bill – which makes sense considering it distorts the energy market by using taxpayer money to pick winners and losers in the natural gas industry.
Last Wednesday, the House Ways and Means committee abruptly cancelled a scheduled hearing on the NAT GAS Act. From Politico’s Morning Energy:
NOT ON TODAY’S AGENDA
House Ways and Means has postponed its hearing on energy tax policy, putting off a potentially testy intra-Republican squabble over the NAT GAS Act to subsidize natural gas vehicles.
What is the NAT GAS Act? Well, it’s right in line with the Obama Administration’s overreaching regulatory agenda, but because some Republicans favor it the blame can’t be laid at the foot of Obama and the Democrats. From an earlier post on Washington’s war on businesses:
-An item that’s technically legislation, not regulatory rulemaking, but stands to pack the same economically ruinous punch is the NAT GAS Act (H.R. 1380) which heavily subsidizes businesses and consumers who switch to natural gas-fueled vehicles directly benefiting billionaires T. Boone Pickens and George Soros at the taxpayers’ expense. The subsidies – ahem, ‘tax credits’ – come in at a whopping $7,500 per passenger car, $64,000 for heavy-duty trucks and 18-wheelers, and up to $100,000 for gas stations installing natural gas pumps.
Referring to government subsidies as ‘tax credits’ is the oldest trick in the book to rally Republican support for a liberal proposal, and in this case it worked. Although some Republicans have pulled their support for the bill, over 70 GOP Members of Congress are on record as still supporting the bill.
So, qui bono?







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