Several Republican leaders in the Senate and House spoke about their legislation to repeal all tax subsidies to the energy industry on Thursday, stating that government should not be in the business of “picking winners and losers” but should instead seek to ensure a level playing field for all competitors.
At a Capitol Hill press conference with Sen. Jim DeMint (R-S.C.), Sen. Mike Lee (R-Utah), and Sen. Ron Johnson (R-Wisc.), House Rep. Mike Pompeo (R-Kan.) introduced his legislation, which mirrors that currently in the Senate, to repeal all energy tax credits.
The federal government must “stop picking winners and losers, stop supporting multi-million dollar, billion -dollar boondoggles, things like Solyndra, companies that simply can’t survive in the marketplace on their own,” said Sen. Johnson.
Rep. Pompeo said, “We have been uniform and broad and favor no one. We are literally trying to get the federal government’s tax code out of the business of picking winners and losers.”Continue reading on cnsnews.com