On the recordJune 11, 2003
What kind of energy policy does this country need? There is little argument about the need for affordable, reliable energy from diverse sources. The bill before us seeks to achieve that laudable goal in the worst possible manner: on the back of the American taxpayer. This bill subsidizes two types of energy. That which few consumers would be willing to pay for and that which companies would produce and consumers would pay for in the absence of subsidies. I ask my colleagues if this makes any sense? Let's let the competitive market determine our energy future. Let's let the market, with millions of individual consumers pursuing their individual energy needs, based on their own unique situations, steer this country's energy economy. Let us not dictate to consumers and taxpayers how they should spend their energy dollars. Recently this body voted on a tax bill that allows taxpayers to keep more of their hard-earned money in an attempt to jump-start this economy. The tax cut was passed on the premise that consumers and businesses are better suited than government to make sound economic decisions that translate into economic growth. That same premise applies to energy. Yet the Energy bill under debate tosses that premise out the window. Suddenly the consumers and businesses of this country, which we are trusting to make sound economic decisions to put the whole economy back on track, cannot be trusted to make sound energy decisions.
Source
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