America’s energy sector is broken. Distortive regulations, tax policies, and mandates mean that the type of energy Americans consume has as much to do with government preferences as traditional market signals: price and efficiency. Lawmakers intent on re-injecting market forces into America’s energy sector should begin by rolling back government policies that obscure consumer choice.
Unfortunately, the NAT GAS Act takes the opposite approach. It allows consumers purchasing nature gas vehicles or investors developing natural gas refueling stations to claim between $5 to $9 billion in federal tax credits over the next five years. This gives certain natural gas consumers an advantage over other natural gas consumers—effectively skewing the market, inflating natural gas consumption, and potentially driving up the cost of natural gas.
Tell your Representative and Senator to oppose this market distorting legislation!