Questions Raised About McCain’s New Energy Proposals

By Guest on Jun 23rd, 2008 at 4:00 pm

Questions Raised About McCain’s New Energy Proposals»

Our guest blogger is Adam Jentleson, the Communications and Outreach Director for the Hyde Park Project at the Center for American Progress Action Fund.

canada.gifJohn McCain’s record and past proposals raise serious questions about two new energy policies he rolled out today.

The first is the latest in McCain’s series of gimmicks masquerading as serious energy proposals: a contest to see who can create a better electric car battery the fastest. The winner gets $300 million.

A $300 million one-time payment may sound like a lot, but it’s a pittance compared to the $4 billion per-year tax break McCain has proposed giving to the 5 biggest oil companies (including $1.2 billion for Exxon Mobil alone).

If McCain is serious about providing incentives for the developing clean energy technology, why is he doling out much, much bigger incentives for the big oil companies to keep doing business as usual?

The second proposal is a series of new tax incentives to encourage people to buy cleaner cars.

But in the past 6 months, McCain has helped the Republican leadership block clean car tax credits not once, but twice. Both times, McCain had the key swing vote.

On February 6, 2008, there was an effort to add a package of clean energy tax breaks, including a $3000+ tax credit to encourage the purchase of electric, Plug-in Hybrid Vehicles, which can get 100+ miles to the gallon, to the economic stimulus bill. A cloture vote failed, 59-40 with McCain the only absence. McCain’s staff said that he would have “sided with the Republican leaders” in opposing the package.

In December 2007, McCain again could have broken a filibuster and helped the Senate pass the same package of clean car tax credits. But McCain missed the vote, and the effort to break the filibuster and pass the package failed by one vote, 59-40. After the vote, a McCain spokesperson said that McCain “would not have supported breaking the filibuster.”

If McCain were serious about clean car tax incentives, why did he block them twice in the Senate?

So while it’s true that the proposals McCain unveiled today are a lot more attractive than his “cruelly misleading” offshore drilling proposal, his record and the rest of his energy agenda appear to undermine both proposals.

Let’s hope the media reports the whole story.

Joe Romm has additional angles over at Climate Progress.

2







Sort Comments By: Top Rated | Date

2 Responses to “Questions Raised About McCain’s New Energy Proposals”

  1. HippyGourmet Says:

    It’s sad really. When you first hear the news that McCain wants to give someone $300,000,000 for a clean-tech innovation - your mind really wants to start thinking that he’s kind of on the right track.

    Then of course you read the sub-text and how McCain has voted against tax breaks for electric and plug-in hybrid cars, as well as having plans to feed more tax breaks to the impoverished oil companies - and then you realize how it all works.

    They slip these stories into the mainstream media. People read them in the paper, or watch them on TV while eating their breakfast cereal, and then hear a sound byte of it again on the car radio - then on the internet and then finally on the evening news…and bingo, in one day McCain becomes a hero to the environment!

    Thanks for adding the true depth to the story.


  2. CZ-1 Says:

    Hmm…$300 million sounds like a lot. Now consider that we spend more than that PER DAY in Iraq.

    The $720 million figure breaks down into $280 million a day from Iraq war supplementary funding bills passed by Congress, plus $440 million daily in incurred, but unpaid, long-term costs.

    http://www.washingtonpost.com/ wp-dyn/ content/ article/ 2007/ 09/ 21/ AR2007092102074.html


Leave a Reply

You must be logged in to post a comment.


Jump to Top

About Wonk Room | Contact Us | Terms of Use | Privacy Policy (off-site) | RSS | Donate
© 2005-2008 Center for American Progress Action Fund
image Register imageimageRSSimageimage imageimage
image
image
Latest Posts
image
Advertisement



image
Issues
image
image
Alerts
image
image
Sign up for Wonk Room Alerts



image
image
Visit Our Affiliated Sites
image
image image image
image
imageTopic Cloud
image

image
imageArchives
image

image
imageBlog Roll
image

imageAbout Wonk RoomimageimageContact UsimageimageDonateimage