CONGRESSIONAL SUMMARY: Renewable Energy and Energy Conservation Tax Act of 2008:
Production Incentives: Extends through 2011 the tax credit for the production of electricity from renewable resources (e.g., wind, biomass, geothermal, and hydropower).
Extends through 2016 the energy tax credit for investment in solar energy and fuel cell property.
Allows a new tax credit for the production of plug-in hybrid vehicles.
Extends through 2010 the tax credits for biodiesel (including agri-biodiesel)
Allows an alcohol fuels tax credit for the production of qualified cellulosic alcohol fuel.
Denies the tax deduction for income attributable to domestic production of oil, gas, or any related products.
SUPPORTER'S ARGUMENT FOR VOTING YES:Rep. MATSUI: Today's debate is about investing in renewable energy, which will chart a new direction for our country's energy policy. This bill restores balance to our energy policy after years of a
tax structure that favors huge oil companies. Today's legislation will transfer some of the massive profits enjoyed by these oil companies and invest them in renewable resources that will power our economy in the future.
OPPONENT'S ARGUMENT FOR VOTING NO:Rep. SMITH of Texas: I oppose H.R. 5351. While it is well and good to encourage alternative energy development, Congress should not do so by damaging our domestic oil and gas industry. In 2006 all renewable energy sources provided only 6% of the US domestic energy supply. In contrast, oil and natural gas provided 58% of our domestic energy supply. The numbers don't lie. Oil and natural gas fuel our economy and sustain our way of life.
Furthermore, almost 2 million Americans are directly employed in the oil and natural gas industry. Punishing one of our Nation's most important industries does not constitute a national energy policy.
LEGISLATIVE OUTCOME:Bill passed House, 236-182
Reference: Renewable Energy and Energy Conservation Tax Act;
Bill H.R.5351
; vote number 08-HR5351
on Feb 12, 2008
Voted NO on authorizing construction of new oil refineries.
To expedite the construction of new refining capacity in the United States, to provide reliable and affordable energy for the American people, and for other purposes including:
Authorizing the President to designate sites on Federal land for construction of new oil refineries, including at least three on closed military bases
Allowing the Secretary of Energy to enter into contracts with non-Federal entities to construct or restore new refineries that use crude oil or coal to produce gasoline or other fuel
Establishing a program to encourage carpools by giving grants to states and to evaluate the use of the Internet to link riders with carpools, assist employers establish carpool programs, and market existing programs
Authorizing any facility to use biomass debris as fuel if it meets certain standards, such as resulting from a major disaster
$2.5 million to create an education campaign about gasoline conservation
Reference: Gasoline for Americas Security Act;
Bill HR 3893
; vote number 2005-519
on Oct 7, 2005
Voted NO on passage of the Bush Administration national energy policy.
Vote to pass a bill that would put into practice a comprehensive national policy for energy conservation, research and development. The bill would authorize o $25.7 billion tax break over a 10-year period. The tax breaks would include $11.9 billion to promote oil and gas production, $2.5 billion for "clean coal" programs, $2.2 billion in incentives for alternative motor vehicles, and $1.8 billion for the electric power industry and other businesses. A natural gas pipeline from Alaska would be authorized an $18 billion loan guarantee. It would add to the requirement that gasoline sold in the United States contain a specified volume of ethanol. Makers of the gasoline additive MTBE would be protected from liability. They would be required though to cease production of the additive by 2015. Reliability standards would be imposed for electricity transmissions networks, through this bill. The bill would also ease the restrictions on utility ownership and mergers.
Reference: Energy Policy Act of 2004;
Bill HR 4503
; vote number 2004-241
on Jun 15, 2004
Voted NO on implementing Bush-Cheney national energy policy.
Energy Omnibus bill: Vote to adopt the conference report on the bill that would put into practice a comprehensive national policy for energy conservation, research and development. The bill would authorize a $25.7 billion tax break over a 10-year period. The tax breaks would include $11.9 billion to promote oil and gas production, $2.5 billion for "clean coal" programs, $2.2 billion in incentives for alternative motor vehicles, and $1.8 billion for the electric power industry and other businesses. A natural gas pipeline from Alaska would be authorized an $18 billion loan guarantee. The bill would call for producers of Ethanol to double their output. Makers of the gasoline additive MTBE would be protected from liability. They would be required though to cease production of the additive by 2015. Reliability standards would be imposed for electricity transmissions networks, through this bill. The bill would also ease the restrictions on utility ownership and mergers.
Reference: Bill sponsored by Tauzin, R-LA;
Bill HR.6
; vote number 2003-630
on Nov 18, 2003
Voted NO on raising CAFE standards; incentives for alternative fuels.
Require a combined corporate average fuel efficiency [CAFE] standard for passenger automobiles and light trucks, including sport utility vehicles, of 26 mpg in 2005 and of 27.5 mpg in 2007. It also would offer incentives for alternative fuel vehicles.
Voted YES on prohibiting oil drilling & development in ANWR.
Amendment to maintain the current prohibition on oil drilling in the Arctic National Wildlife Refuge by striking language opening the reserve up to development.
Rush adopted the Progressive Caucus Position Paper:
The Problem
Escalating energy costs have almost no correlation with supply and demand. Adequate capacity to supply our current energy needs is and has always been plentiful within the energy markets. Newly formed deregulated energy companies are creating an artificial shortage and reaping tremendous profits while doing so.
The Progressive Caucus Solution: Wholesale Cost-based Pricing with Refunds
In the 1930s, wholesale electricity prices and wholesale natural gas prices were regulated, and the regulations provided for refunds if unjust or unreasonable rates were found. Since the late 1970s, these laws have been methodically dismantled leaving little federal price regulations to protect consumers. However, energy prices are easily manipulated as production and delivery systems are complex. Cost-based rates for wholesale electricity, natural gas, heating oil should be established to protect consumers from unjust and unfair prices. Cost based rates allow utilities to
recover the cost of their investment and operations while also allowing a reasonable profit. This is not a price cap— FERC sets prices based on a specific, professional rationale. Establishing cost-based rates ensure adequate supply is available and removes the profit incentive from shorting the market. The rates should be set retroactively to the beginning of 2000. Refunds will be issued to families and businesses who have racked up incredible debt in 2000 and 2001, paying the unreasonable and unjust charges that the energy producers, generators and wholesalers inflicted.
The Progressive Caucus advocates:
Implement wholesale cost-based pricing of electricity & natural gas to ensure consumers are not gouged. Require refunds when necessary.
Grant FERC new powers to regulate heating oil prices at the wholesale level. Cost-based pricing of heating oil will ensure consumers are protected from heating oil price spikes.
Source: Progressive Caucus' Consumer Energy Rate Relief Act 01-CPC1 on Mar 16, 2001
Preserve Alaska's ANWR instead of drilling it.
Rush co-sponsored the Morris K. Udall Arctic Wilderness Act:
Title: To preserve the Arctic coastal plain of the Arctic National Wildlife Refuge, Alaska, as wilderness in recognition of its extraordinary natural ecosystems and for the permanent good of present and future generations of Americans.
Summary: Designates specified lands within the Arctic National Wildlife Refuge as wilderness and components of the National Wilderness Preservation System [which would preclude oil exploration and drilling].
Source: House Resolution Sponsorship 01-HR770 on Feb 28, 2001
Rated 100% by the CAF, indicating support for energy independence.
Rush scores 100% by CAF on energy issues
OnTheIssues.org interprets the 2005-2006 CAF scores as follows:
0% - 30%: opposition of energy independence (approx. 206 members)
30% - 70%: mixed record on energy independence (approx. 77 members)
70%-100%: support for energy independence (approx. 183 members)
About the CAF (from their website, www.ourfuture.org):
The Campaign for America's Future (CAF) is a center for ideas and action that works to build an enduring majority for progressive change. The Campaign advances a progressive economic agenda and a vision of the future that works for the many, not simply the few. The Campaign is leading the fight for America's priorities--against privatization of Social Security, for investment in energy independence, good jobs and a sustainable economy, for an ethical and accountable Congress and for high quality public education.
About the CAF report, "Energy Independence: Record vs. Rhetoric":
Energy independence has surfaced as a defining issue in the current elections. Are most candidates and both parties truly committed? To help distinguish the demonstrated level of support for homegrown, clean energy alternatives, we examined the voting records of current U.S. Representatives and Senators on bills vital to promoting those interests. Key pieces of legislation included goals for independence, and subsidies for the development of alternatives compared to subsidies for drilling and digging. We then compared votes on these issues with campaign contributions from major oil interests. The results show strong inverse correlations between political contributions from big oil and votes for energy independence.
Source: CAF "Energy Independence" Report 06n-CAF on Dec 31, 2006
