Senate Energy Sellouts Feeling the Heat

As seen in Roll Call.

By the way, did we mention that "Gang of 10/16" is a tax hike on shareholders?

“Even if you accept Saxby’s argument that the gang bill is the only thing to get to 60 and that we should do it ‘to get something done,’ the House may not pass it — and worse, the president will veto it. So why are they going out of their way to hurt our message? Instead of ‘drill here, drill now,’ the gang bill is ‘tax here, tax now,’” one frustrated Republican said.

Comments

[Andrew]

Here's one new study of how large the tax burden from the Section 199 portion of the bill will be:

"Using RIMS II multipliers we estimate the [Gang of 10/16 energy] proposal will reduce U.S. employment by roughly 637,000 jobs over ten years, reduce household earnings by $34.97 billion, and reduce total U.S. economic output by $185.95 billion."

http://www.instituteforenergyresearch.org/2008/09/10/gang-of-sixteen/