On the recordMarch 13, 2012
this amendment does two things. First, it increases taxes on business men and women trying to provide some alternative energy for this country. It increases taxes on those men and women. Second, it eases out revenue by increasing taxes on individuals and uses it to lower the corporate tax rate. That is one of the main things this does. Third, it repeals credits and deductions on one section of our energy industry--the renewables, the alternatives--but it doesn't for conventional oil and gas. So, No. 1, this raises taxes on individuals and uses it to lower the corporate rate; and, No. 2, it is unbalanced because it reduces credits and deductions in the alternative area but not on the conventional energy area. It is unbalanced and wrong. I urge my colleagues to vote against this amendment. The PRESIDING OFFICER. All time has expired. The question is on agreeing to the amendment. Mr. DeMINT. I ask for the yeas and nays. The PRESIDING OFFICER. Is there a sufficient second? There appears to be a sufficient second. The clerk will call the roll. The assistant legislative clerk called the roll.
