Thursday, August 02, 2007

Tax credits for nuclear power, but not hybrid vehicles

No help for efficient-minded consumers?

"A one-sentence provision buried in the Senate’s recently passed energy bill, inserted without debate at the urging of the nuclear power industry, could make builders of new nuclear plants eligible for tens of billions of dollars in government loan guarantees."(NYTimes)

This is not the forum for a nuclear energy debate, but it seems ridiculous that the government's biggest handouts always go to big business - big businesses that use billions in tax incentives to achieve billions in profits. Yet, the benefits provided by these businesses seem to cost American consumers more and more.

What about giving smart consumers the power to reward companies that make smart decisions?

Over and over I have been told how important the clean vehicle tax credit has been to the buyers of hybrid cars? Yet, Toyota's hybrid tax credits are essentially expired. Is that how you reward companies for doing the right thing? More important, isn't it essential to help citizens and consumers to make better choices, such as buying more fuel efficient vehicles?

If it was GM or Ford, rather than Toyota, that was the hybrid sales leader, would hybrid tax credits still have been capped by manufacturer? Would they have been capped at all?

Whether it is Democrats or Republicans, it seems there is one phrase that best describes America's politicians - pork-barrel pigs.

Labels: ,

1 Comments:

At 11:29 AM, Blogger Eric McErlain said...

I think it's important to note that the program in question, Title XVII of the Energy Policy Act of 2005, was designed to spur utilities to build new electric generating capacity with advanced technologies that would reduce, avoid or sequester CO2 emissions -- which means that the program was not just for nuclear, but for any technology that qualified under that description -- including coal, renewables, natural gas, biomass, etc.

What's happening now is that some in the House would like to eliminate nuclear from qualifying for the program for FY 2008.

One more time -- this program is not just for nuclear energy, it's for any type of generation that can avoid, reduce or sequester CO2 emissions.

 

Post a Comment

<< Home