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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Ruffian who wrote (269069)	9/16/2008 11:25:53 PM
From: gamesmistress	Read Replies (2) \| Respond to of 793916

McCain and Palin can and should go after this hammer and tongs. Notice the other provisions, in addition to the drilling. The Dems are trying to micromanage energy like they try in CA - remember legislating the SALE of electric cars? The House voted to roll back nearly $18 billion in tax breaks over 10 years for the five largest oil companies and require energy companies to pay billions of dollars in royalties they avoided because of an Interior Department contracting error. The bill also would require the president to make available oil from the government's Strategic Petroleum Reserve. Pelosi said such a move is needed to drive down gasoline prices, even though oil prices have dropped dramatically in recent weeks and many energy experts believe gasoline prices will fall as well after refineries recover from Hurricane Ike. Democrats added a provision at the last minute that makes it a federal crime for oil companies with federal leases to provide gifts to government employees, a response to a recent sex and drug scandal involving the federal office that oversees the offshore oil royalty program and energy company employees. The Democratic bill also would: _Provide tax credits for wind and solar energy industries, the development of cellulose ethanol and other biofuels. _Require utilities nationwide to generate 15 percent of their electricity from solar, wind or other alternative energy source. _Give tax breaks for new energy efficiency programs, including the use of improved building codes and for companies that promote their employees' use of bicycles for commuting.