Obama v. McCain on the Issues: Energy Policy

Sep 5, 2008 by

After all the lies we heard coming out of the RNC, and since the Republicans had their chance yet choose not to talk about REAL ISSUES for an entire week, let’s take a closer look at the differences between Obama and McCain’s policies that affect working families most.

ISSUE:
ENERGY POLICY THAT REDUCES DEPENDENCE ON FOREIGN OIL AND HELPS FAMILIES COPE WITH HIGH ENERGY PRICES

BARACK OBAMA

  • Obama Would Provide $1,000 Immediate Energy Rebates this Fall. Under Obama’s plan, a windfall profits tax would be placed on the oil companies in order to fund emergency energy rebates of $500 per worker and $1,000 per family for 95% of American families. Obama will also crack down on oil market speculation and swap oil from the Strategic Petroleum Reserve to help bring down prices.
  • Obama Will Invest $150 Billion Over 10 Years And Create 5 Million New Green Jobs. Obama will invest $150 billion over 10 years in renewable energy, energy efficiency and the next generation of clean vehicles. These investments will lower oil demand and prices in the long term, create 5 million new jobs, and improve our environment.
  • Obama Will Partner With Domestic Automakers To Fast-Track The Development Of Higher Mileage Cars And Produce Advanced Vehicles. As President, Obama will invest in putting one million plug-in hybrid vehicles on the road by 2015 and provide $4 billion in retooling tax credits and loan guarantees for domestic auto plants and parts manufacturers, so that the new fuel-efficient cars can be built in the U.S. by American workers rather than overseas. He will also provide tax credits for consumers to purchase advanced technology vehicles.

JOHN MCCAIN

  • McCain Has Been Part Of The Problem in Washington. McCain said that our dependence on foreign oil has been “thirty years in the making, and was caused by the failure of politicians in Washington.” However, McCain has been in Washington for 26 of those 30 years and has done little to solve the problem. He has since changed his mind. [McCain speech, 7/7/08]
  • McCain Offers Washington Gimmicks Instead Of Real Energy Solutions That Save You Pennies While Boosting Oil Industry Profits. McCain’s energy plan offers the same failed policies and Washington gimmicks. His plan to suspend the gas-tax would save you only pennies when you fill up the gas tank, but would actually lead to increased oil industry profits. In addition, McCain has repeatedly voted against a windfall profits tax on the oil companies. And he is now proposing a plan that would cut taxes for oil companies by $4 billion. [Business Week, 4/15/08; CNN, 5/6/08; “The McCain Plan to Cut Oil Company Taxes by Nearly $4 Billion,” Center for American Progress Action Fund, 3/27/08; Vote 341, S. 2020, 11/17/05; Vote 331, S. 2020, , 11/17/05; Houston Chronicle, 11/17/05]
  • McCain Has Opposed Investments In Renewable Energy. McCain has repeatedly opposed key investments in renewable sources of energy and even voted against increased the fuel economy standards. [2006 Senate Vote #42; 2005 Senate Vote #363, #213, #158; 2003 Senate Vote #317; 2002 Senate Vote #94, #77; 2001 Senate Vote #125; 1999 Senate Vote #246, #171; 1992 Senate Vote #150, 7/23/1992; 2005 Senate Vote #157, 6/23/2005; 2003 Senate Vote #317, 7/31/2003; Senate Vote #309, 7/29/2003; 2002 Senate Vote #94, 4/25/2002; 2002 Senate Vote #77, 4/23/2002]
  • McCain Joined Bush In Opposing Legislation That Included Tax Incentives For the Purchase Of Fuel Efficient Cars. Twice in the last year, McCain has joined President Bush in opposing legislation that included $3,000 in tax rebates for purchasers of plug-in hybrid vehicles or fully electric vehicles. [HR 5140, Vote 8, 2/6/08, Failed 58-41; New York Times, 2/7/08; Detroit News, 2/12/08; HR 6, Congressional Quarterly Senate Vote 425, 12/13/07, Failed 59-40: R 9-39 D 48-1 I 2-0; Forbes, 12/13/07; The San Francisco Chronicle, 12/14/07; 2006 Senate Vote #42, 3/14/2006; 2005 Senate Vote #158, 6/28/2005; 2001 Senate Vote #125, 5/21/2001; 2005 Senate Vote #139, 6/15/2005; 2005 Senate Vote #138, 6/15/2005; 2004 Senate Vote #74, 4/29/2004; 2004 Senate Vote #73, 4/29/2004; 2003 Senate Vote #209, 6/5/2003; 2003 Senate Vote #207, 6/5/2003; 2003 Senate Vote #204, 6/3/2003; 2003 Senate Vote #203, 6/3/2003; 2002 Senate Vote #88, 4/25/2002; 2002 Senate Vote #78, 4/23/2002; 1994 Senate Vote #255, 8/3/1994; 1992 Senate Vote #18, 2/5/1992; Vote 157, HR 6, 6/23/05; 2003 Senate Vote #309, 7/29/03; HR 4, Vote 94, 4/25/02]

That’s not change, that’s just more of the same.

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