{"id":9718,"date":"2011-05-17T16:40:21","date_gmt":"2011-05-17T20:40:21","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=9718"},"modified":"2011-05-17T16:57:04","modified_gmt":"2011-05-17T20:57:04","slug":"cfif-urges-senate-to-reject-new-taxes-targeting-domestic-energy-producers","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/9718\/cfif-urges-senate-to-reject-new-taxes-targeting-domestic-energy-producers\/","title":{"rendered":"CFIF to U.S. Senate:  Reject New Taxes Targeting Domestic Energy Producers"},"content":{"rendered":"<p>As the Senate debates proposed tax rules that would unfairly and discriminatorily target domestic oil and gas producers, the Center for Individual Freedom on behalf of its 300,000 supporters and activists across the United States today formally urged all Senators to vote <strong>\u201cNO\u201d on S. 940<\/strong>.\u00a0\u00a0 Addressing that counterproductive proposed legislation, Grant Aldonas (former Under Secretary of Commerce for International Trade) and Pamela Olson (former Assistant Treasury Secretary for Tax Policy) warned of its likely destructive consequences in a <em><a href=\"http:\/\/click.icptrack.com\/icp\/relay.php?r=&amp;msgid=0&amp;act=11111&amp;c=734062&amp;destination=http%3A%2F%2Fwashingtonexaminer.com%2Fopinion%2Fop-eds%2F2011%2F05%2Ftaxing-america-s-energy-security\">Washington Examiner<\/a><\/em> opinion piece today.\u00a0\u00a0 Here is one particularly relevant excerpt from their commentary:<\/p>\n<blockquote><p>Rather than offering serious ideas about how to tackle entitlements, cut wasteful spending or reform the tax code, proponents of raising the oil companies\u2019 taxes have seized on the notion that American energy producers benefit from billions of dollars in alleged tax subsidies.<\/p>\n<p>[The] single most damaging thing the proposal does is mortgage our energy future to the state-owned energy giants that now dominate global energy markets. The U.S. economy runs on oil, but we produce only 40 percent of what we consume, meaning our economy and standard of living depend heavily on our access to foreign oil and gas resources.<\/p>\n<p><strong>Reid\u2019s plan works just fine if you are comfortable having America\u2019s energy future decided in Beijing, Moscow, or Tehran<\/strong>. Not so much if you think we should be deciding our own destiny.<\/p>\n<p>Any proposal that would enhance the competitiveness of foreign government-owned oil giants at the U.S. companies\u2019 expense and lead to greater volatility in oil markets and rising prices for U.S. consumers qualifies as a damaging unintended consequence.\u201d\u00a0 (Emphasis added.)<\/p><\/blockquote>\n<p>To read this excellent commentary in full, please click <a href=\"http:\/\/washingtonexaminer.com\/opinion\/op-eds\/2011\/05\/taxing-america-s-energy-security\" target=\"_blank\">here<\/a>.<\/p>\n<p>CFIF also urges you to contact your Senators (contact information for your Senators available <a href=\"http:\/\/cfif.org\/v\/index.php\/take-action?path=cfif\/dbq\/officials\/\" target=\"_blank\">here<\/a>) and urge them to <strong>vote \u201cNO\u201d on S. 940.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the Senate debates proposed tax rules that would unfairly and discriminatorily target domestic oil and gas producers, the Center for Individual Freedom on behalf of its 300,000 supporters and activists across the United States today formally urged all Senators to vote \u201cNO\u201d on S. 940.\u00a0\u00a0 Addressing that counterproductive proposed legislation, Grant Aldonas (former Under [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[84,2700,562,195,2701,102,2519,2699,2116,24,1216,2702,38,105,71],"class_list":["post-9718","post","type-post","status-publish","format-standard","hentry","category-posts","tag-congress","tag-domestic-energy","tag-economics","tag-energy","tag-energy-tax","tag-free-market","tag-gas","tag-gas-taxes","tag-gasoline","tag-obama","tag-oil","tag-s-940","tag-senate","tag-tax","tag-taxes"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/9718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=9718"}],"version-history":[{"count":6,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/9718\/revisions"}],"predecessor-version":[{"id":9726,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/9718\/revisions\/9726"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=9718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=9718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=9718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}