Tags: pompeo | energy | tax | breaks | obama

Rep. Pompeo: Stopping Obama's Energy Boondoggle Saved Taxpayers

Wednesday, 14 Mar 2012 06:21 PM

By John Bachman

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
Rep. Mike Pompeo says Congress’s rejection this week of two energy industry tax breaks will save taxpayers “an enormous amount of money.”

“For the first time in a long time, the Senate and Congress rejected continuing down this failed set of policies of taking money from tax payers and throwing it at politically connected energy industries,” Rep. Pompeo told Newsmax.TV during an interview from his district in Kansas.

The Senate failed to pass a measure Tuesday that would have created subsidies, in the form of tax breaks, for alternative energy programs, including wind and solar. The Senate also voted down the NAT GAS Act, which would have provided similar subsidies for the natural gas industry.

“It was a good day for the American tax payer and for energy and jobs as well,” Rep. Pompeo said.

Pompeo, along with Sens. Jim DeMint of South Carolina and Ron Johnson of Wisconsin proposed companion legislation that would have ended all subsidies for energy companies while reducing the overall tax rates at the same time. That bill failed to receive the 60 votes needed to pass.

“We didn’t quite get as far as we want,” Pompeo said.

When asked if the elimination of these natural gas and renewable energy subsidies could lead to the end of subsidies in other sectors of the economy like agriculture, Rep. Pompeo said: “Definitely. I definitely see it.”

“I think we are seeing the American people demand, and I think elected officials are beginning to reflect this notion of, you know, get out of this business of picking winners and losers. Don’t allow politically connected folks to get their particular tax breaks.”

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Ben Carson PAC Outraises 2016 GOP Hopefuls and Hillary

Friday, 18 Apr 2014 06:09 AM

If money is any indication, a prominent Baltimore doctor with no political experience is an early front-runner in the 20 . . .

Advice to Democrats: Don't Say 'Recovery'

Friday, 18 Apr 2014 06:07 AM

Election-year memo to Democratic candidates: Don't talk about the economic recovery. It's a political loser.So say Democ . . .

Biden's Son Beau to Run for Governor in Delaware

Thursday, 17 Apr 2014 21:46 PM

Beau Biden, the son of Vice President Joe Biden and the current attorney general of Delaware, announced he will not seek . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved