The Hill News

When it comes to unchecked government spending and misguided energy policies, it seems that Congress cannot escape channeling Yogi Berra’s oft-quoted remark, “it’s deja vu all over again.”  The latest Congressional boondoggle concerns the NAT GAS Act, which will be addressed at a House Ways and Means Committee hearing on September 22. 
Some background first: the proposed law offers between $5 billion and $9 billion in tax subsidiesâ€"although there is no cap on maximum spending in the lawâ€"to encourage businesses to convert their vehicles to natural gas, despite the fact that many companies are already doing this doing on their own.  Proponents of the law argue that using cleaner burning natural gas will help the environment and that it will improve the nation’s energy security, but a closer look reveals these demand-centric subsidies will lead to expensive consequences for consumers, taxpayers, workers and employers across the board. 

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