"Any source that truly is cheaper and cleaner, yet still reliable, will not need government help to develop or sell."
Government regulations, taxes, and corporate subsidies have distorted the energy market, causing some prices to rise above what they would be in the free market, while artificially lowering other prices and discouraging conservation. The costs of energy subsidies are hidden in your tax bill so the government can silently withhold them from your wallet with each paycheck.
As your Congressman, I am working to restore a free-market in energy. In particular, I am seeking for Congress to repeal federal regulations and taxes that impede the development of new energy sources. Such policies give government bureaucrats the power to pick winners and losers, and cause resources to be devoted to those producers with the most political clout rather than to the producers who are best able to meet the needs of consumers. Alternative sources should prove their viability in the free market. Any source that truly is cheaper and cleaner, yet still reliable, will not need government help to develop or sell.
Returning to a free market in energy will encourage conservation as well as the development of new forms of energy. In a free market, conservation occurs naturally when property rights are strictly enforced to prevent pollution and because resources become more costly as they become scarcer.
I have cosponsored legislation designed to encourage the development of alternative energy. H.R. 550 extends the investment tax credit to solar energy property and qualified fuel cell property, and H.R. 1772 provides tax credits for the installation of wind energy property.
Nuclear energy can also provide the American people with a reliable and environmentally sound alternative. Therefore, we should repeal federal regulations that hinder the development of nuclear energy. However, we should also repeal all federal subsidies and privileges granted the nuclear industry. Nuclear power should prove its worth in the free-market.
Clean, safe, and reliable energy is far too important to leave to the political whims of Washington bureaucrats.