Full Title: Seven Objectives for Effective and Productive Energy Legislation in 2015
Author(s): Nicolas D. Loris
Publisher(s): The Heritage Foundation
Publication Date: May 1, 2015
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Description (excerpt):
Members of the U.S. Senate and the U.S. House of Representatives are calling for a comprehensive energy bill in 2015. If past is prologue, however, such wide-ranging energy bills do much more economic harm than good. For instance, the last two major energy bills signed into law by President George W. Bush, while including some seemingly pro-market titles, contained policies that restrict consumer choice, mandate production of ethanol, and pick winners and losers by subsidizing politically preferred energy technologies. Congress should operate from the basic principle that free markets work efficiently and that any new legislation should get government out of the way of the market and innovation.