The Obama Administration is explicit about their aim to spur green energy development through selective “investments” (aka subsidies). The plan continues the disastrous support for corn-based ethanol biofuels, at aprice tag of $30 billion over the next five years. Another example is the special subsidy for electric cars, with the goal of putting one million on the road by 2015. For President Obama, government “investment” is preferred to letting the consumers decide where they want to invest their money because the American people might make the “wrong” choice.
And what happens to workers in the industries affected by picking winners and losers? President Obama’s corporate tax plan operates under the false notion that all blue-collar jobs are interchangeable. A worker employed as an oil rig technician for the last two decades cannot transition overnight to a job maintaining green-energy windmills at a wind farm, or putting together solar panels. Not only does this demonstrate that the president is painfully unaware of how specific training, expertise, and experience determine qualifications in the real job market, it shows that he is hardly interested in the effects his “transformative” policies will have on the lives of real workers and families.
When the president claims he want “to treat everybody fairly,” what he means is he wants to tilt the tax code in favor of those industries and businesses he supports. In order to foster greater market competition, he should be reducing, not creating, special interest loopholes, as well aslowering rates and removing the incentives to keep profits overseas. It would send a positive message through our economy and lead to greater productivity and job creation.
Elected in 2010 as Utah's 16th Senator, Mike Lee has spent his career fighting to defend Americans’ basic liberties and to restore constitutionally limited government.
Lee graduated from Brigham Young University with a Bachelor of Science in Political Science. He graduated from BYU's Law School and went on to serve as law clerk at the U.S. District Court for the District of Utah, and then with future Supreme Court Justice Judge Samuel A. Alito, Jr. on the U.S. Court of Appeals for the Third Circuit Court.
Lee is a member of the Judiciary Committee, and serves as ranking Member of the Antitrust, Competition Policy and Consumer Rights Subcommittee protecting business competition and personal freedom.