Pennsylvania State Senators Doug Mastriano (R-Chambersburg) and Scott Hutchinson (R-Oil City) last week proposed a measure to lighten the tax and regulatory burden for fossil-fuel producers.
Their legislation, entitled the PA Energy Independence Act, would immediately pause income taxation for natural-gas developers, reduce state gas-extraction fees by 200 percent and end Governor Tom Wolf’s (D) moratorium on new state-land leases for fossil-fuel drilling. It would also suspend the state’s participation in the Regional Greenhouse Gas Initiative (RGGI), which would amount to a tax on carbon emissions.
U.S. Representative Mark Green (R-TN-07) on Monday introduced legislation to ban the U.S. from purchasing oil from Russia, Iran, and Venezuela.
Both Democratic and Republican lawmakers have expressed support for banning the purchase of Russian oil amid the country’s unprovoked invasion of Ukraine. However, the Biden administration has remained hesitant to make the decision.
Democrats have inserted numerous provisions and subsidy programs into their $3.5 trillion budget that would benefit green energy companies and speed the transition to renewables.
The Build Back Better Act would invest an estimated $295 billion of taxpayer money into a variety of clean energy programs in what would amount to the most sweeping climate effort passed by Congress, according to a House Committee on Energy and Commerce report. That price tag doesn’t factor in the other costly measures approved by the House Ways and Means, Agriculture, Natural Resources, Oversight and Transportation committees last month.
“This bill is crammed with green welfare subsidies, specifically for corporations and the wealthy,” House Ways and Means Ranking Member Kevin Brady told the Daily Caller News Foundation in an interview.