Sunday, February 6, 2011

Porking Out on Energy Subsidies

It's long past time to strip away all energy subsidies and preferences from the budget and the federal tax code. Let renewable energy and energy-efficient technology compete on a level playing field with the fossil fuels industry. The only way to ensure that level playing field is to completely halt the corporate subsidies.

Republicans are no better than Democrats. Bills passed by a Republican-controlled House and a Democrat-controlled Senate are awash in corporate subsidies, tax breaks, and regulatory preferences.

If a technology is economically competitive, no public subsidies are necessary. Conversely, if there's no demand for a technology, no amount of subsidies will make it so. Let's free energy markets instead of rigging them like a crooked boxing match.

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