Download: TCS Analysis of H.R. 6 – Energy Policy Act of 2003 (pdf)
The current 768 page, 5 inch thick energy legislation is fueled by pork and will do very little to reduce energy prices or increase domestic energy production. It is a grab bag of subsidies, tax giveaways and pork for almost every special interest in Washington. There is no rhyme or reason to this legislation.
The bill continues the time-honored congressional pastime of subsidizing the research and development needs of the energy industry without demanding much in return. It’s a blitzkrieg of new federal research programs and a corporate accountant’s dream with billions in major new tax breaks for big energy.
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