The House Continuing Appropriations Bill (CR) offers ample fodder for the chopping block. Unfortunately, House Republicans released a draft bill that axes only part of one of the most egregious government initiatives-- the Department of Energy Loan Guarantee Program. The draft CR eliminates $25 billion currently allocated to the program but leaves more than $25 billion on the table--$18.5 billion of which is earmarked for high risk nuclear reactors and another $2 billion for uranium enrichment. But nuclear subsidies need to be on the chopping block too. The nuclear industry has been the recipient of billions of subsidies since the early 1930's. This new batch of reactors are high risk, face enormous technical hurdles, and have skyrocketing costs. Wall Street has stayed away from this risky investment and it's time taxpayers do the same! The plug must be pulled on the entire Loan Guarantee Program. It cannot be kept alive as the "Nuclear" Loan Guarantee Program.
Letters & Testimony
Oppose Ag-Only Farm Bill: Spends More Than Senate Bill; Changes Make Subsidies Permanent
July 11, 2013
Sign Up for Updates
