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ATR Endorses American Energy Act

Which Energy Plan Does America Want? Higher Taxes & Higher Energy Prices vs. More American Energy at Lower Prices

The American Energy Act introduced today provides counter to tax increases

WASHINGTON, D.C. – Today, Americans for Tax Reform (ATR) endorsed “The American Energy Act” introduced by Rep. Pence (R-IN). This package includes:

-    A total “All-of-the-Above” approach to energy solutions
-    75 percent revenue sharing for states for 12-mile leases; 50 percent outside of that
-    Repeals additional offshore restrictions creating American jobs
-    Includes several environmental protections
-    Extends the tax credit for alternative fuels vehicles through 2020
-    Extends tax credit for alternative and hydrogen refueling properties through 2020
-    Extends several home, appliance and property tax credits
-    Establishes an American Renewable and Alternative Energy Trust Fund
-    Cuts the time needed to permit new nuclear plants by 50 percent
-    Attempts to bring online 100 new nuclear reactors by 2030 creating thousands of jobs
-    Legal reform to challenges on energy exploration efforts and safeguards against legal abuse

“When the American public are presented with two national energy strategies – one from the Left that wants to limit production, cost American jobs and increase taxes, and this plan [The American Energy Act] that will increase energy production, create thousands of American jobs, limit foreign dependence and actually cut taxes – I think their choice will be very easy,” said Grover Norquist, President of Americans for Tax Reform.
 

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