Consumer-First Energy Act of 2008
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The Consumer-First Energy Act of 2008 is proposed legislation that would repeal subsidies for the oil and gas industry while instituting a "windfall profits" tax on major gasoline producing companies. An earlier aspect of the plan, forcing President Bush to halt deposits to the Strategic Petroleum Reserve, was removed from the legislation and adopted by the Senate in May 2008. [1]
| S.3044 (110th Congress) - Consumer-First Energy Act of 2008 | Status: Introduced |
| Article summary (how summaries work) | |
The proposed legislation would:
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Contents |
Action on the bill
The bill fell short of cloture by a vote of 51-43 on June 10, 2008. [1]
On the Cloture Motion
| Dem | Rep | Other | |
| Ayes | 43 | 6 | 2 |
| Nays | 3 | 40 | 0 |
| Abst. | 4 | 2 | 0 |
Same for all scorecards:
- Name of bill: Consumer-First Energy Act of 2008
- Chamber: U.S. Senate
- Roll call number: 146
- Congress number: 110th
- Session number: 2
- Vote link: U.S. Senate record vote 146, 110th Congress, Session 2
| Scored vote | |
|---|---|
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Scorecard: Americans for Democratic Action 2008 Senate Scorecard |
Org. position: Aye |
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Description: "Motion to invoke cloture to limit debate and allow a vote to repeal 2004 and 2005 tax benefits for oil companies worth $17 billion over 10 years and direct the money to renewable energy. It also would impose a profits tax on the largest oil companies." (Original scorecard available at: http://www.adaction.org/pages/publications/voting-records.php) | |
| Scored vote | |
|---|---|
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Scorecard: League of Conservation Voters 2008 Senate Scorecard |
Org. position: Aye |
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Description: "On June 10, during the heated debate over rising energy prices, Senator Harry Reid (D-NV) tried to bring his bill, S. 3044, the Consumer First Energy Act, to the Senate floor for debate. He proposed a package that attempted to reverse the harm imposed by eight years of Bush Administration pro-oil policies by attacking the root causes of high energy prices, providing price relief to American consumers, and supporting investment in clean energy technologies. S. 3044 sought to roll back tax breaks for oil and gas companies and invest those taxpayer dollars in clean, renewable energy and consumer price protection. S. 3044 would implement a 25 percent windfall profits tax on the largest oil companies, protect consumers from price-gouging, and curb excessive market price speculation. The Consumer First Energy Act also included provisions to suspend government purchases of oil to fill the Strategic Petroleum Reserve (SPR), and would have empowered the U.S. Attorney General to bring an enforcement action against any country or company that is colluding to set the price of oil." (Original scorecard available at: http://www.lcv.org/2008-pdf.pdf) | |
| Scored vote | |
|---|---|
|
Scorecard: National Journal 2008 Senate Scorecard |
Org. position: Nay |
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Description: "Allow the Senate to proceed to a bill raising taxes on oil and gas companies and directing the funds to renewable energy. June 10. (51-43; 60 votes required to invoke cloture. Reid voted no so that he could subsequently move to reconsider the vote.)" (Original scorecard available at http://www.nationaljournal.com/njmagazine/cs_20090228_4813.php | |
Articles and resources
See also
References
External resources
External articles
- Andrew Ross Sorkin, "Sewing the Energy Loopholes Shut," DealBook at The New York Times, May 30, 2008.
- Ben Lieberman, "The Consumer-First Energy Act of 2008 Will Only Increase Gas Prices and Energy Costs," Heritage Foundation, June 9, 2008.
- Timothy B. Hurst, "Consumer-First Energy Act of 2008 Lacks Support," Red, Green, and Blue, May 8, 2008.
- Kate Sheppard, "No renewal for renewables," Gristmill, June 10, 2008.
- Moira Herbst, "Oil Traders Draw Congress' Ire," Business Week, May 15, 2008.
