On the recordMarch 29, 2012
Thank you very much, Mr. President. If the Chair would please let me know when I have used 5 minutes, I would appreciate that. We have a very important vote in front of us that goes to the question of whether consumers are going to continue to be held hostage by basically having one energy source at the pump or whether we are going to give competition to the oil companies and if we are going to give consumers choice. I believe we need to do everything; there is no question about that in my mind, but that doesn't mean having a Tax Code that has embedded in it for almost 100 years special tax breaks and subsidies for the oil companies, and the other new clean energy alternatives that are growing and creating jobs in our country do not have the same treatment. In fact, they limp along with a tax cut that expires every year, not sure if it is going to continue, which is what is happening right now. People are losing their jobs right now in the areas of wind production and other areas because they are not sure what is going to happen. Yet we give preferential treatment to an industry right now whose top five companies are making about $260,000 a minute--a minute.…
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