On the recordMay 23, 2001
the President offers this tax cut plan as his energy plan. He refuses to do anything about prices of energy, which has gone up a thousand percent on the wholesale electrical market in the State of Washington, but instead offers a few dollars in the tax cut plan. As a short-term response to our energy crisis, this is an abject failure; and I will say why and I will say how. We live in interesting times. Tomorrow we cannot say who is going to control the U.S. Senate, but we know the oil and gas industry is going to control the White House. As a result of that, every single dollar, every single dollar that my constituents might get next year back from this tax cut, maybe 15 bucks a month for a middle-class family, is going to be eaten up several fold by energy companies. They are going to take that couple bucks from Uncle Sam, and they are going to ship it in their envelope to the energy companies, many of them who happen to be the President's political allies. Now, at a townhall meeting a guy told me he was cutting his energy use, but his prices were skyrocketing. And he said, Jay, that plan, that tax cut plan, sort of reminds me of a money-laundering operation. One just takes the money, launders it through the taxpayers and gives it over to the President's political allies in the energy industry. Why not just cut out the middleman and just give it all to the energy industry, just cut out the middleman?
Source
govinfo.gov




