Friday, July 1, 2011

Raising energy taxes a BAD idea

September 10, 2010 by ShawnMillerick  
Filed under Energy & Environment

New Hampshire is net exporter of energy, yet we pay some of the highest electricity bills in the country.  Take a look at your electricity bill and you’ll notice a ‘stranded’ fee, or “delivery’ fee.  Wouldn’t it be amazing if we had access to energy and could keep that power here while creating jobs along the way?  

To get the economy moving throughout the nation, it’s important to utilize traditional ways to produce energy, and raising taxes and fees on energy production isn’t one of them.

Everything in our economy depends on energy – the cars we drive, the homes we heat and cool, and the businesses we own or work for, as well as the local, state, and federal governments we support, including our armed forces. Higher taxes on energy mean higher prices for energy, and that means higher prices for everything else.

What it all boils down to is this: taxes on energy are taxes on all of us. This is not high-brow, esoteric stuff. It’s just plain common sense.

The likely effects of higher energy taxes are easy to foresee. We’ll all have to pay more to drive our cars and heat and cool our homes. Some of us will have to drive less, be uncomfortable in our homes, or find other things to cut back on.

Our domestic energy industry, specifically the wind generation business that has taken off in New Hampshire is likely to scale back operations — leading to lost jobs, decreased production, and even higher prices. That, in turn, will make our nation even more dependent on foreign oil at a time of increasing international tensions.

Who would be so foolish as to propose raising energy taxes when the obvious answer for revitalizing a struggling economy is lowering them?

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