Teabagger Rep. Raul Labrador (R-ID) pitches bill to end energy subsidies

[LAGC]

BOISE, Idaho — Idaho Congressman Raul Labrador says it's time for the federal government to get out of the business of subsidizing energy projects.

The Republican announced Thursday he is co-sponsoring legislation that would get rid of all energy subsidy programs, including tax incentives for renewable projects.

Labrador says instead of tapping taxpayers to subsidy dollars, he would rather let the free market determine and guide the nation's energy development.

The measure calls for eliminating $90 million in energy tax subsidies over the next 10 years and reduce the corporate tax rate by the same amount.

The bill also has the backing of groups like Americans for Tax Reform and Americans for Prosperity, which is backed by oil billionaire David Koch and lobbies for lower taxes and less government regulation.

http://www.idahostatesman.com/2011/11/04/1865364/labrador-pitches-bill-to-end-energy.html

Yeah, I'm sure David Koch is really bothered by the "huge tax burden" that $90 million (drop in the bucket) represents.

It's not like renewable energy subsidies threaten his oil interests or anything... NAH, of course not...

:grr:

[rurallib]

1. "free market" What "free market?"

[Firebrand Gary]

2. Sure as long as we can get rid of ALL oil subsidies.

What is there 4 Billion annually.

[ellenfl]

3. yeah, but then we would not get renewables. oil would continue its stanglehold on us. eom