[Congressional Record (Bound Edition), Volume 154 (2008), Part 2]
[House]
[Pages 2461-2462]
[From the U.S. Government Publishing Office, www.gpo.gov]




   DEMOCRATS FIGHT TO END SUBSIDIES FOR BIG OIL AND INSTEAD SUPPORT 
                            RENEWABLE ENERGY

  (Mr. MORAN of Virginia asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. MORAN of Virginia. Mr. Speaker, this week the House Democrats 
will build upon our economic stimulus package by passing an energy bill 
that is designed to lower prices at the gas pump, which are currently 
over $3 a gallon. The price of oil is hovering around $100 a barrel and 
many predict that if we don't act now, it's going much higher.
  The Renewable Energy and Energy Conservation Tax Act extends and 
expands tax incentives for renewable energies including renewable 
electricity and fuel, hybrid cars and energy-efficient homes and 
appliances.
  By investing in renewable energy, we can take another critical step 
in reducing our Nation's dependence on foreign oil. And at a time when 
our economy is struggling to produce new high-paying jobs, this 
legislation will help create hundreds of thousands of new green jobs in 
renewable energy that will help us provide a cleaner environment for 
the next generation.
  Mr. Speaker, our legislation is also fully paid for by repealing $18 
billion in tax subsidies that big oil companies continue to receive 
despite record earnings. It's time Congress modernizes our Nation's 
energy policy by passing this important bill regardless of President 
Bush's opposition.

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