Jack Whitaker’s letter (8/14, “Cheap oil isn’t coming back”) wonders why Congress has failed to renew $18 million in tax breaks for renewable energy sources set to expire in December. Well, here are the facts.
Democrats insist the tax breaks be recouped by offsetting tax breaks to oil. This increases renewables’ competitiveness with oil and natural gas companies, which have received subsidies for decades. Consequently, this will not add to the budget deficit. The Republicans want to pay for them by borrowing more.
The Democrats’ version passed the House on May 21 (supported by Reps. Dennis Moore, Nancy Boyda and Emanuel Cleaver), but was blocked by conservative Senate Republicans. Republicans couldn’t stomach diverting money from big oil to bolster our future energy sources. It’s a shame that renewables get nothing compared to what oil’s lobbying machine can secure.
So please call your conservative Republican senators — including John McCain — and ask them why they continue to mortgage our future for campaign contributions