Posts Tagged ‘energy taxes’

Gas Prices Are Too Low

GOP presidential candidates are blasting President Obama for not lowering the price of gasoline. Rep. Steve Scalise (R-LA) doesn’t stop there. He claims Obama is deliberately driving prices to $4 a gallon. He’s not. But he should.  In an election year, Obama may be the last guy who wants gas prices to rise. However, if  we […]

Whatever Happened to All Those Expiring Tax Breaks?

In two days, 53 targeted tax breaks will, officially at least, die. By the congressional Joint Committee on Taxation’s count, that’s the number of temporary tax subsidies that are due to expire on December 31. They’ve become known as the extenders, which sounds like the name of a wonky rock band but isn’t. They got […]

Solyndra, Carrots, and Sticks

A wonderfully-titled new paper—The Tragedy of the Carrots—by Boston College law professor Brian Galle got me thinking about Solyndra, the failed solar panel company that has become something of  a poster child for botched industrial policy. By now, you probably know Solyndra’s sad tale. The firm got $537 million in federal loan guarantees from the […]

Taxes and Energy Policy

Last week I had the opportunity to testify before two Ways and Means subcommittees–Select Revenue Measures and Oversight–about the way our tax system is used as a tool of energy policy. Here are my opening remarks. You can find my full testimony here. As you know, our tax system is desperately in need of reform. It’s needlessly complex, economically […]

Tom Coburn: Tax Subsidies Are Socialism

Give Sen. Tom Coburn(R-OK) credit. In a city where obfuscation and misdirection are the coin of the realm, the conservative Republican lets you know exactly where he stands. While most of his party remains mired in its  “job-killing tax increase” rhetoric, Coburn has no misgivings about eliminating tax subsidies and using the money to reduce […]