Dem Energy Bill Is a Step in the Wrong Direction (Rep. Jim McCrery)

If our goal is lower gas prices for the American people and less dependence on foreign sources of energy, the Democrats’ energy legislation is precisely the opposite of an effective policy.

The legislation would authorize up to $6 billion in bonds for so-called “green

Three facts about the Democrats’ plan should be gobsmackingly obvious: You don’t lower prices at the pump by raising taxes on the companies that find, refine, and transport gasoline.  You don’t increase America’s energy independence by raising taxes on our domestic energy industry, making American energy even more expensive compared with foreign sources.  And you certainly don’t improve anything by shoveling money at governors and big-city mayors with a vague mandate and zero oversight.

Editor’s Note: Rep. McCrery is the Ranking Member on the House Ways and Means Committee.