1979 Scorecard Vote
HR 3919. The vote is on the Conable motion to send the bill back to committee with instructions to add a Òplowback provisionÓ giving the oil companies a tax credit of 75 cents on every dollar invested in new kinds of energy production schemes like synthetic fuels that would not make sense economically were it not for a big government subsidy or tax credit. Under the amendment, government subsidies for energy production would be concentrated in the hands of the major oil companies, and would thus tend to increase their monopoly control over energy sources. The big energy companies prefer highly centralized energy systems like nuclear power or synthetic fuels, but decentralized sources like the sun and wind are often cheaper, more efficient and safer. The Carter Administration opposed the Conable motion. Rejected 186-229. June 28, 1979. No is the correct vote.