HB 26.15 No Subsidies for Fossil Fuels Act

[SevenEleven]

I object. Simply put, this seems like far too much money to use for subsidies.

[SevenEleven]

Nay.

[SevenEleven]

Aye.

I object. Simply put, this seems like far too much money to use for subsidies.

Could you clarify the issue?

Direct fossil fuel subsidies are in excess of $20 billion annually. These subsidies should be eliminated, of course, but using it to further subsidize energy costs for households that are likely already subsidized is both wasteful and counterproductive.

As a general rule, subsidizing something creates more of it, so reducing energy costs can lead to wasteful habits.

[SevenEleven]

Unless we can justify these subsidies, I think it's best to go with the original Senate Bill that passed unanimously. There are already a lot of local, state and regional subsidies.

[SevenEleven]

Instead of subsidies (or in addition to a reduced amount of), why not a scaling tax rebate for households that reduce energy use year to year?

[SevenEleven]

Aye.