Today politics trumps policy. If regular order had been followed in this House, allowing this tax increase to go through the Ways and Means Committee, we would have a better understanding of the consequences of today's $14 billion tax increase. You know, if the House of Representatives was subjected to the truth-in-labeling requirement, H.R. 6 would be called the Ship Jobs Overseas Act because it imposes a $14 billion tax increase on investing in America. We have all heard the campaign rhetoric; both sides use it: you know, the Tax Code sends jobs overseas. Well today, this House may well do that if it votes to pass this $14 billion tax increase. I support replacing imported oil with home-grown biofuels like ethanol and biodiesel, as well as alternatives sources of energy like wind power and solar. And thanks to the energy bill we passed in the previous Congress, there are hundreds of millions of dollars in new wind investment in the district I represent, six new ethanol and biodiesel plants moving forward in our districts; and because I am concerned about climate change, I believe we need to do more. That is why I believe 25 percent of our energy that we consume by 2025 should come from nonfossil fuel sources. This bill doesn't do anything about that because H.R. 6 only raises taxes. I would note that one of the biggest refineries in America is in the district I represent, providing 600 jobs. That particular company is investing $1 billion right now to expand.
Editor's note · Context
Addressing the implications of a proposed $14 billion tax increase in H.R. 6.
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