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You'd think the tax breaks would be larceny enough, but no!

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splat@14 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-05 07:54 PM
Original message
You'd think the tax breaks would be larceny enough, but no!
They sneak in an amendment to give away more. Where the hell is the outrage from ethics committees, public, etc? My apologies if this has been previously posted.
:wow:

http://www.yubanet.com/artman/publish/article_23241.sht...

$1.5 Billion Giveaway Secretly Slipped into Energy Bill, Waxman Says

By: Rep. Henry Waxman
Published: July 27, 2005 at 15:40



In a letter to Speaker Hastert, Rep. Waxman writes that after the energy legislation was closed to further amendment in the recently concluded conference, a $1.5 billion provision benefiting oil and gas companies, Halliburton, and Sugar Land, Texas, was mysteriously inserted in the text.

The text of the letter is below:

The Honorable J. Dennis Hastert
Speaker
U.S. House of Representatives
H232 Capitol
Washington, DC 20515-6501

Dear Mr. Speaker:

I am writing to draw to your attention a provision in the Energy Conference Report that raises serious procedural and substantive concerns. At its essence, this provision is a $1.5 billion giveaway to the oil industry, Halliburton, and Sugar Land, Texas. The provision was inserted into the energy legislation after the conference was closed, so members of the conference committee had no opportunity to consider or reject this measure. Before the final energy legislation is brought to the House floor, this provision should be deleted.

The provision at issue is a 30-page subtitle called "Ultra-Deepwater and Unconventional Natural Gas and Other Petroleum Resources." This subtitle, which was taken from the House-passed energy bill, was mysteriously inserted in the final energy legislation after the legislation was closed to further amendment. The conferees were told that they would have the opportunity to consider and vote on the provisions in the conference report. But the subtitle was not included in the base text circulated to conferees, and it was never offered as an amendment.

Instead, the new subtitle first appeared in the text of the energy legislation only after Chairman Barton had gaveled the conference over. Obviously, it would be a serious abuse to secretly slip such a costly and controversial provision into the energy legislation.

On the merits, the subtitle is an indefensible giveaway to one of the most profitable industries in America. The provision establishes a $1.5 billion fund, up to $550 million of which would be dedicated direct spending, which is not subject to the normal congressional appropriations process. Although the name of the subtitle refers to "ultra-deepwater and unconventional natural gas," it appears that the $1.5 billion fund created by the subtitle can in fact be used for many oil and gas projects. According to the language of the subtitle, oil and gas companies can apply for funds for a wide variety of activities, including activities involving "innovative exploration and production techniques" or "enhanced recovery techniques." While oil and gas companies could be required to contribute to the costs of their projects, the subtitle expressly provides that the Department has discretion to reduce or eliminate any such contribution.
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cornermouse Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-05 08:09 PM
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1. Corruption as far as the eye can see.
The absolute worst president supported by the worst congresspeople that this country has ever had.
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