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 OBAMA
VS.
MCCAIN
ON
ENERGY
 
 ISSUE


REDUCING
OUR
 DEPENDENCE
ON
 FOREIGN
OIL


TAKING
ON
THE
 OIL
INDUSTRY


OBAMA
 
 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.

 
 Obama
Has
Consistently
Supported
Measures
To
 Increase
Our
Use
Of
Alternative
Fuels
And
Passed
 A
Measure
To
Increase
The
Availability
Of
Gas
 Stations
Which
Accommodate
Ethanol
–Based
 Fuels.
Obama
has
repeatedly
voted
for
efforts
to
 conserve
energy,
invest
in
renewable
energy
and
 to
provide
tax
credits
to
help
companies
develop
 alternative
energy
while
in
the
Senate.
Obama
 passed
a
measure
that
gave
gas
stations
a
tax
 credit
to
install
E85
ethanol
refueling
pumps.

 
 


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.

 
 McCain
Voted
Against
Increased
Fuel
Economy
 Standards.

McCain
repeatedly
voted
against
 increasing
the
fuel
economy
standards
to
40
miles
 per
gallon.
If
he
had
not
helped
block
this
policy,
 new
car
buyers
would
already
be
seeing
benefits
 today.
The
average
new
car
buyer
would
be
 getting
an
extra
3.3
miles
per
gallon
today,
saving
 them
almost
$250
this
year.
Americans
would
be
 saving
over
$7
billion
on
gasoline
this
year
and
we
 would
be
using
about
2
billion
fewer
gallons.

 
 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.

 
 
 McCain’s
Tax
Plan
Would
Give
$4
Billion
In
Tax
 Obama
Will
Enact
a
Windfall
Profits
Tax
on
the
 Breaks
To
The
Oil
Industry.
McCain’s
plan
to
cut
 Top
Grossing
Oil
Companies
to
Ease
the
Burden
 corporate
taxes
would
give
$4
billion
in
tax
breaks
 on
American
Families
And
Require
Oil
Companies
 to
oil
companies
–
including
$1.2
billion
for
Exxon.

 To
Use
Existing
Drilling
Leases.
Obama
supports
 
 imposing
a
windfall
profits
tax
to
pay
for
an
 McCain
Opposed
Eliminating
Billions
In
Tax
 immediate
emergency
energy
rebate
of
$500
for
 Breaks
For
Major
Oil
And
Gas
Companies.
McCain
 individuals
and
$1,000
for
families
and
will
require
 opposed
legislation
to
eliminate
$13
billion
in
tax
 oil
and
gas
companies
to
either
produce
or
pay
a
 breaks
for
major
oil
and
gas
companies,
and
 fee
on
unused
federal
and
offshore
leases
oil
 instead
use
those
funds
to
invest
in
clean
and
 companies
are
stockpiling.

 efficient
energy
programs.

 
 
 Obama
Would
End
Oil
and
Gas
Industry
Tax
 McCain
Has
Raised
More
Than
$2
Million
In
 Breaks.
Obama
has
called
for
repealing
the
oil
and
 Campaign
Contributions
From
The
Oil
And
Gas
 gas
industry
tax
breaks
that
President
Bush
himself
 Industry.

Since
January
2007
McCain
has
raised
 has
said
himself
are
unnecessary
given
today’s
 more
than
$2
million
from
the
oil
and
gas
industry.
 strong
market
incentive
for
expanding
exploration
 And,
as
the
Washington
Post
noted,
campaign
 and
production.

 contributions
from
oil
industry
executives
to
 
 McCain
rose
dramatically
after
he
reversed
his
 opposition
to
the
federal
ban
on
offshore
drilling.




ISSUE


REAL
SOLUTIONS
 TO
HELP
 FAMILIES
COPE
 WITH
HIGH
 ENERGY
PRICES


OBAMA
 
 Obama
Will
Crack
Down
on
Excessive
Energy
 Speculation.
Obama
will
enact
legislation
to
close
 loopholes
in
regulation
of
the
energy
markets
and
 increase
transparency
on
the
speculative
market
to
 help
bring
oil
prices
down
and
prevent
traders
 from
unfairly
lining
their
pockets
at
the
expense
of
 the
American
people.

 
 Obama
Proposes
New
Energy
Checks
To
Families
 To
Provide
Real
Relief.
Obama
will
provide
direct
 relief
worth
$500
for
an
individual
and
$1,000
for
a
 married
couple
to
help
cover
increased
energy
 costs.

The
rebates
would
be
fully
paid
for
with
five
 years
of
a
windfall
profits
tax
on
record
oil
 company
profits.

 


INVESTING
IN
 THE
NEW
 ENERGY
 ECONOMY


Obama
Has
Called
For
a
Swap
of
Oil
From
 Strategic
Petroleum
Reserve
to
Cut
Prices
Now.
 Obama
supports
releasing
light
oil
from
the
SPR
 now
and
replacing
it
later
with
heavier
crude
more
 suited
to
our
long‐term
needs.

A
swap
has
a
 demonstrated
ability
to
bring
prices
for
consumers
 down.
 
 Obama
Will
Invest
$150
Billion
Over
10
Years
And
 Create
5
Million
New
Green
Jobs.
Obama
will
 invest
$150
billion
over
10
years
to
that
will
create
 5
million
new
green
jobs,
including
highly‐skilled
 manufacturing
jobs
to
produce
the
first
wave
of
 green
technology.
 
 Obama
Has
Repeatedly
Voted
For
Higher
 Renewable
Energy
Standards
And
Will
Require
 That
10
Percent
of
Electricity
Come
from
 Renewable
Sources
by
2012
and
25
Percent
by
 2025.

Obama
has
repeatedly
voted
for
higher
 renewable
energy
standards
and,
as
president,
will
 establish
a
10
percent
federal
Renewable
Portfolio
 Standard
to
require
that
10
percent
of
electricity
 consumed
in
the
U.S.
is
derived
from
clean,
 sustainable
energy
sources,
like
solar,
wind
and
 geothermal
by
2012.


 
 Obama
Will
Extend
the
Production
Tax
Credit
to
 Spur
Renewable
Energy.

Obama
will
also
extend
 the
federal
Production
Tax
Credit
(PTC)
for
5
years
 to
encourage
the
production
of
renewable
energy.


 
 



MCCAIN
 
 McCain
Repeatedly
Voted
Against
Taxing
Oil
 Industry
Profits
To
Provide
Consumers
With
 Rebates
And
Opposed
Making
Gas
And
Energy
 Price
Gouging
A
Crime.
McCain
repeatedly
voted
 against
a
windfall
profits
tax
on
the
oil
companies
 that
would
fund
energy
rebates
for
consumers.

He
 even
attacked
Obama
for
supporting
a
similar
 proposal.
In
addition,
McCain
opposed
an
effort
to
 make
gas
and
energy
price
gouging
a
federal
crime
 during
a
national
energy
emergency.

 


McCain’s
Gas
Tax
“Holiday”
Will
Give
Consumers
 Pennies,
While
Boosting
Oil
Industry
Profits.

 McCain
has
proposed
a
temporary
suspension
of
 the
gas
tax
to
help
consumer
cope
with
high
fuel
 prices.
Experts
say
that
this
will
save
consumers
 only
pennies
a
day,
while
actually
helping
the
oil
 industry
increase
their
profits.

In
addition,
by
 suspending
the
gas
tax,
McCain
would
strip
$9
 billion
from
our
highway
construction
funds,
 resulting
in
the
loss
of
more
than
300,000
 construction
jobs.



McCain
Has
Repeatedly
Opposed
Investments
in
 Alternative
and
Renewable
Sources
of
Energy.
 McCain
has
repeatedly
voted
against
critical
 investments
in
alternative
and
renewable
sources
 of
energy,
including
clean
biofuels,
solar
power
 and
wind
power.
McCain
has
also
repeatedly
voted
 against
renewable
energy
mandates
and
opposed
 legislation
that
included
an
extension
of
the
 production
tax
credit
–
a
key
incentive
for
the
 growth
of
the
new
energy
economy.

 


McCain
Voted
Against
The
Largest
Investment
In
 Renewable
Sources
Of
Energy
In
Our
History.
 McCain
voted
against
the
2005
energy
bill
that
 represented
the
largest
investment
in
renewable
 sources
of
energy
in
the
history
of
this
country.

 The
tax
incentives
included
in
the
bill
contributed
 to
a
dramatic
increase
in
wind
power
generation
in
 2007.

 
 McCain
Opposes
Requiring
Oil
Companies
To
 Use
Their
Profits
To
Pursue
Alternative
Energy.

 McCain
said
he
would
not
require
the
oil
 companies
to
use
their
profits
to
“pursue
 alternative
energy”
and
voted
against
requiring
 oil
refiners
to
produce
some
renewable
fuels.




 Paid
for
by
Obama
for
America
 Printed
in
House



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