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Public Statements

Moving Ahead for Progress in the 21st Century Act--Continued

Floor Speech

Location: Washington, DC


Mr. DeMINT. Mr. President, we have all complained about the big corporations that don't pay any taxes, only to find that many times that is because we offer some tax subsidy that allows them to get out of taxes. We have complained about subsidies for Big Oil, Big Natural Gas. We have given subsidies to companies that go out of business because we are trying to pick winners and losers. Temporary tax policy for whatever we are trying to do does not work.

This amendment eliminates the tax subsidies, the loopholes we talk about not just for Big Oil but for all of the energy tax credits. Folks, if we let the market work, we are going to have wind, we are going to have solar, but we are going to have it in a way that does not waste the money of hard-working taxpayers.

So I encourage my colleagues' support. I know a lot of my colleagues have new subsidies they are proposing, but it is no way to run a free market economy, to try to run it from this room. Let's get rid of subsidies, lower the corporate tax rate, and let our country work.

I reserve the remainder of my time.


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