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PRESS RELEASE FROM AMERICANS FOR TAX REFORM
Contact: John Kartch (
jkartch@atr.org or 202-785-0266)
Click here
for Adobe Acrobat version.
5/17/01
President's
Energy Plan Will Help Taxpayers
WASHINGTON-As
President Bush unveils his comprehensive plan to solve the nation's
energy problems, early analysis indicates that all taxpayers will benefit
from this new forward-looking plan.
Grover Norquist, President of Americans for Tax Reform (ATR)
issued the following statement on the President's plan:
"The taxpayers' real nemesis
all along has not been the power companies or the oil companies, but
the Big Government attitude which dictates how much energy should be
produced and what it should cost. President Bush's energy policy is great for taxpayers by helping
to lower their energy bills and it is great for small businesses by
reducing the hidden costs of production.
President Bush and Vice President Cheney both deserve praise
for this proposal. They
clearly have their priorities straight.
"The
President's plan will help lighten taxpaying consumers' bills by encouraging
competition between providers of electricity so that an open market,
rather than bureaucratic intervention, will keep prices low. By reducing the hidden regulatory costs of production and allowing
modest and controlled exploration for oil and gas, the President's proposal
will increase America's fuel stock which helps small businesses pay
their bills," said Norquist.
Estimates
indicate that over the next 20 years, US oil consumption will grow by
one-third and electricity demand will increase 45 percent. Due in large part to the series of regulatory roadblocks placed
before new energy production projects, the costs of construction and
operation have increased while the potential for return on producers'
investments has reduced. If
no changes are made, there is little likelihood that there will be an
adequate energy supply.
"Production
and distribution of energy has been prevented from adequately expanding
to accommodate increased demand, all thanks to bureaucratic at the expense
of taxpayers," Norquist concluded.
For
more on the President's energy plan, visit
the Energy Policy section of ATR's web site for talking points and
more detailed background information.
###
Americans for Tax Reform is a non-partisan
coalition of taxpayers and taxpayer groups who oppose any and all federal
and state tax increases. For
more information, or to arrange an interview with Mr. Norquist please contact John Kartch at (202)785-0266 or by email at
jkartch@atr.org.
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