Passage of the energy bill ended last week after a long fight over principles and priorities and in the end was about political power.
Depending on your perspective, the bill either did not do enough to lower gasoline costs or it failed to establish meaningful fuel efficiency standards for cars and light trucks. It made no provision for reducing greenhouse emissions, and it seems unlikely to increase domestic petroleum production.
An estimated 58 percent of the tax breaks go to coal, oil, gas, electric utilities and nuclear power, and another 36 percent is aimed at energy efficiency, renewable sources and cleaner cars like the new gasoline-electric hybrids - raising the question, "Why it is necessary to introduce tax breaks to purchase vehicles for which there is a long waiting list?"
Its most egregious fault - and no doubt the element that assured its passage through the Republican-controlled House, is the blatant use of political power to introduce targeted pork-barrel spending.
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