Today, President Obama touted a plan to provide tax credits for natural gas trucks and related infrastructure.  The proposal is similar to the NATGAS Act (H.R.1380 / S.1863).  Heritage Action’s CEO Michael A. Needham made the following statement:

“Less than 36 hours after promising ‘no handouts,’ President Obama launched an aggressive push for targeted tax credits that pick winners and losers in the energy and transportation industries.  We should be focused on eliminating energy subsidies, not expanding them.  Fortunately, there is absolutely no momentum for the NAT GAS Act in the Congress, and any effort to revive it will be met with vigorous opposition.”

Related Links:
NATGAS Act: Washington’s Big-Business Pork
Heritage Action: All Things NAT GAS