Friday, June 6, 2008

Letter to the Senate re: S. 3044

I am writing to urge you to oppose Senator Reid's punitive and
discriminatory energy bill that would harm our Nation's energy industry
and economy.

Specifically, when the Senate considers energy legislation, with cloture
votes now scheduled as early as Tuesday, June 10, I urge you to OPPOSE S.
3044, "The Consumer-First Energy Act of 2008." The bill does NOTHING to
increase energy supplies. Contrary to its title, this legislation would
prove very harmful to American businesses and consumers that rely on
energy as a foundation for our economy's strength and our modern living
standards. It is based on a completely disproved assumption: that the
answer to the energy policy challenges facing America is massive new
taxes. According to a 1990 Report of the Congressional Research Service,
the windfall profit tax of the 1980's reduced domestic oil production as
much as 6%, and increased imports as much as 16%. Critically, this bill
risks undermining the vital, long-term investments in additional supplies
of energy that are needed to sustain our growing population and economy.


In order to compete in global energy markets for energy supplies that our
growing economy requires, we need stable tax and regulatory policies that
encourage energy investments and that do not place American companies at a
competitive disadvantage. While the oil and gas industry's current
profitability is strong, what seems never to be reported are the record,
multi-billion dollar tax payments currently being made by energy companies
to federal, state and local governments.

As noted, the bill completely fails to address the primary cause of our
Nation's current energy challenges: insufficient growth in energy
supplies to meet the needs of a growing American and global economy.

In conclusion, I urge you to VOTE AGAINST S. 3044, "The Consumer-First
Energy Act of 2008."

Sincerely,am writing to urge you to oppose Senator Reid's punitive and
discriminatory energy bill that would harm our Nation's energy industry
and economy.

Specifically, when the Senate considers energy legislation, with cloture
votes now scheduled as early as Tuesday, June 10, I urge you to OPPOSE S.
3044, "The Consumer-First Energy Act of 2008." The bill does NOTHING to
increase energy supplies. Contrary to its title, this legislation would
prove very harmful to American businesses and consumers that rely on
energy as a foundation for our economy's strength and our modern living
standards. It is based on a completely disproved assumption: that the
answer to the energy policy challenges facing America is massive new
taxes. According to a 1990 Report of the Congressional Research Service,
the windfall profit tax of the 1980's reduced domestic oil production as
much as 6%, and increased imports as much as 16%. Critically, this bill
risks undermining the vital, long-term investments in additional supplies
of energy that are needed to sustain our growing population and economy.


In order to compete in global energy markets for energy supplies that our
growing economy requires, we need stable tax and regulatory policies that
encourage energy investments and that do not place American companies at a
competitive disadvantage. While the oil and gas industry's current
profitability is strong, what seems never to be reported are the record,
multi-billion dollar tax payments currently being made by energy companies
to federal, state and local governments.

As noted, the bill completely fails to address the primary cause of our
Nation's current energy challenges: insufficient growth in energy
supplies to meet the needs of a growing American and global economy.

In conclusion, I urge you to VOTE AGAINST S. 3044, "The Consumer-First
Energy Act of 2008."

Sincerely,am writing to urge you to oppose Senator Reid's punitive and
discriminatory energy bill that would harm our Nation's energy industry
and economy.

Specifically, when the Senate considers energy legislation, with cloture
votes now scheduled as early as Tuesday, June 10, I urge you to OPPOSE S.
3044, "The Consumer-First Energy Act of 2008." The bill does NOTHING to
increase energy supplies. Contrary to its title, this legislation would
prove very harmful to American businesses and consumers that rely on
energy as a foundation for our economy's strength and our modern living
standards. It is based on a completely disproved assumption: that the
answer to the energy policy challenges facing America is massive new
taxes. According to a 1990 Report of the Congressional Research Service,
the windfall profit tax of the 1980's reduced domestic oil production as
much as 6%, and increased imports as much as 16%. Critically, this bill
risks undermining the vital, long-term investments in additional supplies
of energy that are needed to sustain our growing population and economy.


In order to compete in global energy markets for energy supplies that our
growing economy requires, we need stable tax and regulatory policies that
encourage energy investments and that do not place American companies at a
competitive disadvantage. While the oil and gas industry's current
profitability is strong, what seems never to be reported are the record,
multi-billion dollar tax payments currently being made by energy companies
to federal, state and local governments.

As noted, the bill completely fails to address the primary cause of our
Nation's current energy challenges: insufficient growth in energy
supplies to meet the needs of a growing American and global economy.

In conclusion, I urge you to VOTE AGAINST S. 3044, "The Consumer-First
Energy Act of 2008."

Sincerely,am writing to urge you to oppose Senator Reid's punitive and
discriminatory energy bill that would harm our Nation's energy industry
and economy.

Specifically, when the Senate considers energy legislation, with cloture
votes now scheduled as early as Tuesday, June 10, I urge you to OPPOSE S.
3044, "The Consumer-First Energy Act of 2008." The bill does NOTHING to
increase energy supplies. Contrary to its title, this legislation would
prove very harmful to American businesses and consumers that rely on
energy as a foundation for our economy's strength and our modern living
standards. It is based on a completely disproved assumption: that the
answer to the energy policy challenges facing America is massive new
taxes. According to a 1990 Report of the Congressional Research Service,
the windfall profit tax of the 1980's reduced domestic oil production as
much as 6%, and increased imports as much as 16%. Critically, this bill
risks undermining the vital, long-term investments in additional supplies
of energy that are needed to sustain our growing population and economy.


In order to compete in global energy markets for energy supplies that our
growing economy requires, we need stable tax and regulatory policies that
encourage energy investments and that do not place American companies at a
competitive disadvantage. While the oil and gas industry's current
profitability is strong, what seems never to be reported are the record,
multi-billion dollar tax payments currently being made by energy companies
to federal, state and local governments.

As noted, the bill completely fails to address the primary cause of our
Nation's current energy challenges: insufficient growth in energy
supplies to meet the needs of a growing American and global economy.

In conclusion, I urge you to VOTE AGAINST S. 3044, "The Consumer-First
Energy Act of 2008."

Sincerely,

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