Michael Bastasch
The Daily Caller
5/2/2014
Utah Republican Sen. Mike Lee has introduced legislation to eliminate tax subsidies for all energy sources, from renewables to hydrocarbons, to end market distortions in the energy industry.
Lee’s Energy Freedom & Economic Prosperity Act also reduces tax rates to facilitate energy production in the U.S. The bill has a companion bill in the House introduced by Kansas Republican Rep. Mike Pompeo last year.
“Washington should not be using taxpayer money to pick winners and losers in the energy industry,” Lee said in a statement. “Consumer-driven, free-market competition provides a much better way to ensure Americans have access to reliable, affordable energy.
Lee says his bill would “level the playing field for all energy producers, forcing them to compete for consumer dollars rather than political favors.”…
The article continues, with video, at The Daily Caller.
