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Tuesday, July 31, 2007

Energy Bill: Billions and Billions for nuclear power, but not for hybrids?

No help for efficient-minded consumers?

"A one-sentence provision buried in the Senate’s recently passed energy bill, inserted without debate at the urging of the nuclear power industry, could make builders of new nuclear plants eligible for tens of billions of dollars in government loan guarantees."(NYTimes)

This is not the forum for a nuclear energy debate, but it seems ridiculous that the government's biggest handouts always go to big business - big businesses that use billions in tax incentives to achieve billions in profits. Yet, the benefits provided by these businesses seem to cost American consumers more and more.

What about giving smart consumers the power to reward companies that make smart decisions?

Over and over I have been told how important the clean vehicle tax credit has been to the buyers of hybrid cars? Yet, Toyota's hybrid tax credits are essentially expired. Is that how you reward companies for doing the right thing? More important, isn't it essential to help citizens and consumers to make better choices, such as buying more fuel efficient vehicles?

If it was GM or Ford, rather than Toyota, that was the hybrid sales leader, would hybrid tax credits still have been capped by manufacturer? Would they have been capped at all?

Whether it is Democrats or Republicans, it seems there is one phrase that best describes America's politicians - pork-barrel pigs.

Labels: Congress, hybrid tax credits, Hybrid Vehicles

posted by Dahcredyns at 9:29 AM

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