While claiming to support renewable energy and the extension of a tax credit for homeowners and businesses that utilize solar power, he voted against passage of a bill that will extend that tax credit beyond the end of the year.
His objection? The bill would follow House pay-go rules and pay for the solar energy tax credit by closing some tax credits reserved for the oil industry.
The same oil industry that reports setting a new record for profits seemingly every day.
From AZcentral.com -
Congresswoman Gabrielle Giffords, D-Ariz., a champion of solar efforts, said previous legislation would have paid for the renewable-energy tax credits by repealing credits given to the oil and gas industry. She said she hopes this latest bill, which would close tax loopholes for hedge-fund managers, overseas corporations and others, will be more "palatable."
Fellow Arizona Congressman John Shadegg, a Republican, isn't so sure it will be.
Shadegg said he supports solar energy and the tax-credit extension, but he voted against the latest House bill.
"Each time the issue of solar has come up before Congress, it has included tax increases, and none of them has moved in the Senate," Shadegg said. "If we (Republicans) get to vote for these issues, and they're not burdened by tax increases, we will approve it."
Instead, Shadegg has signed on as a cosponsor of H.R. 5984, a bill that would extend the solar energy tax credit, but instead of finding a way to pay for that extension, it would just increase the federal budget deficit.
Shadegg likes to tout his 'budget hawk' credentials (like this page from his campaign website that includes a WSJ article about his formation of 'Reagan 21'), but that hawkishness flies away when faced with defending his deep-pockets donors from the petroleum industry ($440K and counting).
Compare Shadegg's stance to that of his opponent, Bob Lord (from a press release) -
"Arizona can become the Middle East of solar energy if Congress makes energy independence a top priority," Lord said. "Solar power means investment, growth, and jobs in Arizona – it is an investment in our future.”
So, after Lord retires Shadegg this November, is anyone interested in starting a pool on which oil company or industry group hires Shadegg as a lobbyist?
For entertainment purposes only, of course. :)