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An Open Letter to Congress: Taxes, Regulations, and Subsidies are NOT the Answer for Energy Security!
December 3, 2007
Dear Member of Congress:
On behalf of the 362,000 members of the National Taxpayers Union (NTU), I write to reiterate our very serious concerns with energy legislation Congress may soon consider. Specifically, we would oppose the inclusion of any or all of the following provisions:
Attached to this letter, I've included a copy of a statement we released in October that warned of the ill effects of legislation taking any of the approaches listed above. This open letter to Congress was signed by 234 economists across the country, including a Nobel Laureate. The signatories offered the following conclusion: "By easing regulatory burdens, ending distortions that divert productive capacity, and allowing the price mechanism to do its job, Americans will have far more energy security at a lower cost than any package of taxes, regulations, and subsidies could ever hope to create."
We urge you to keep that advice in mind as you consider energy legislation in the coming weeks. We look forward to working with you to craft a sound energy policy that avoids destructive and unnecessary costs to taxpayers and consumers.