If you introduce a statute, bipartisan, here, if you introduce one, you should do what is recommended here and set up a new company and have the money run through it to do what it is supposed to do with the money.
Pete Domenici
The Public Record
Pete V. Domenici is a former United States Senator from New Mexico, serving from 1973 to 2009. A member of the Republican Party, he was known for his work on budgetary issues and energy policy. During his tenure, he played a significant role in shaping legislation related to nuclear energy and national defense. Domenici was also involved in various bipartisan efforts, particularly in the areas of health care and education reform. He was a prominent advocate for fiscal responsibility and was instrumental in the passage of the Balanced Budget Act of 1997.
I believe it's imperative that the committee understands that there is already in existence a law that causes the nuclear utility companies to pay approximately $750 million a year.
I have learned that on many of them there is no reality attached to the number.
I support ours, the one we have been describing. We didn't come down as far as them, but 28 is ours.
The problem we have in this country has been expressed over and over here today, and that is that the population is growing older.
The best way to effect growth in this country is to lower the rates on all people.
I think you all know, at least you, Madam Chairman, and a couple of other Senators there know me and have known me for a long time.
Without substantial new revenues and structural entitlement reform, our fiscal ship is destined to capsize.
Not one, not the tax raisers, not the entitlement cutters, but both will be complicit and will have caused America to suffer.