As far as the gist of today's blog, look no further than the action undertaken in the House of Representatives (yes, they are back in Washington). According to the Associated Press, the GOP-led House continues to look busy, while in reality, remains dedicated to pass bills having little to no chance of passing in the Senate. Case in point - the GOP-led House initiated a bill that would make "accelerated depreciation" a permanent tax loophole for businesses. This bill (H.R. 4718) allows businesses to "deduct 50% of the cost of qualified property in any given tax year." According to the AP, such deductions are typically temporarily granted to boost production spending in a down economy. To make them permanent would add $287 Million to the federal deficit over the next ten years. With all the talk about reducing spending and the deficit (at the expense of the poor), why does the GOP initiate and pass (258-160) a bill that increases the deficit? Because it benefits business, that's why! What makes this so interesting, is that it allows an additional 50% deduction to already existing deductions available to businesses. I wonder who the House is trying to appease with this partisan legislation?
Along these lines, the GOP-led house initiated and passed a bill (H.R. 4923) authorizing an increase to subsidies in the amount of "$31 million to $593 million for "fossil-fuel research" while reducing funds for energy efficient and renewable energy research by $112 million." To add insult to injury, the Bill "prohibits funding for certain environmental protections under the Clean Water and Clean Air Acts. Huh? Plus, the House passed a bill (H.R. 4923, 229 to 188) prohibiting funding to the Army Corp of Engineers for policies that combat "climate change" that may be based upon "biased" science." Can anyone explain to me where exactly "biased" science has come into play? More like Ideological opposition to science to me. Anyway, is this what the GOP-led House of Representatives believe is important to solve America's problems? Do they think one of our national priorities is appropriating more money to the oil, coal and gas producers, at the expense of researching clean and efficient renewable sources of energy? Any guess what entities the House is pandering to with this legislation?
As President Theodore Roosevelt once wrote; "Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people." By now we know where our House of Representatives stand on environmental issues. Isn't it about time the public acknowledge the House has not been responsible to the people but obviously instead to interest groups? Have a great week. I will be out of town for the next two Sundays, so see you again in August!