From Deseret News archives:
Energy package disappoints Hatch, Bennett
Senate panel backs just a portion of their tax proposals
Hatch is a senior member of the Senate Finance Committee that approved a $32.1 billion tax package to be included in the energy bill now under consideration on the Senate floor. He opted to vote against the package because he felt it would drive up the cost of gasoline, instead of relieve the pain at the pump in Utah and across the country.
"With gas prices at record highs this summer, it makes no sense to pass a bill that would make prices go higher," Hatch said. "I have a strong record of supporting alternative and renewable energy sources. That's the future. But we shouldn't pay for it by making it more costly to get gasoline to our cars today. We need a balanced approach."
Hatch was one of five senators that voted against the bill on the committee.
"These tax incentives blaze a trail toward new energy solutions for tomorrow and require more responsible use of the energy resources we rely on today," Baucus said in a statement. "This combination of incentives and offsets provide a new and proper balance to our tax code's treatment of energy issues. With the right emphasis on renewable fuels and alternative energy, we can turn the corner toward energy independence for our country."
Hatch felt the package encouraged research and development of unconventional energy sources that may not reduce gas prices for decades instead of focusing on what people use today.
Hatch wanted to see a 100 percent tax write off to expand an oil refinery or build a new one that allowed investors to see quicker return on their investment, but the committee only allowed a 50 percent write-off through 2013.
"You bring the price of gasoline down by producing more of it, not by making it harder to develop," Hatch said. "I cannot support an energy policy which actually works against the goal of increasing the amount of oil and gas available to the people who need it."
Comments
- NFL: Week 12 recap 12:50 a.m.
- '12 Days' bill would top $87K 12:35 a.m.
- Study finds autism therapy works 12:35 a.m.
- Boy shot following traffic stop 12:35 a.m.
- Sports on the air 12:24 a.m.
- Herbert builds his team of rivals 12:21 a.m.
- Corroon a step closer to governor 12:21 a.m.
- Monday on TV 12:18 a.m.
- Editorial: East, West and religion 12:17 a.m.
- A deficit commission? 12:17 a.m.
- Hall mouths off about hate of Utah
- BYU is champion of the state
- Cougars beat Utes in overtime
- Credit Coug defense for win
- Marriage definitions vary widely
- Field goals, penalties doomed Utes
- Cougar defense rose to occasion
- Banged up Jazz get best of Blazers
- Jones' joy for life remembered
- Fantasy is reality for BYU professor
- Hall mouths off about hate of Utah
869 - Cougars beat Utes in overtime
473 - Max Hall issues apology
145 - BYU is champion of the state
137 - Man trapped in Nutty Putty cave dies
117 - Cave to be sealed with body inside
116 - Rivalry Week is highly profane
90 - Hall's legacy measured today
79 - Hall's pain reflects self-betrayal
68 - Utes fall to Seattle U. at home
65
I wanted to tell them not to go. I dropped subtle hints. "My money is on...
When I was a kid, I worshipped my grandpa. He was undoubtedly my hero....
I find it interesting that many of the same people who say that we can't...
None of these teams is going to be easy. They all have fine football...
Max, no apology was necessary, but the apology was polically correct. If...
Very good piece of writing, Amy. You summarized what many of us have been...
How is a top 25 finish make Utah a top twenty team? I think what the poster...
90% of the BYU & Utah fans have class, and Hall knows it. If you don't...
This might be my favorite article I've ever read from the Deseret News. Kudos.
Thank you for not giving up and don't give up now brother and sister...
Dr. Lois Lee's work with children who are victims of child sexual...
Look at the preview for Pixar's "Up". The whole move is summarized in...




You can be the first to comment on this story.