Both McCain and Bush favor tax breaks for oil companies.
Campaign to Defend America on Wednesday, March 5th, 2008 in a television ad
McCain voted against Bush's energy bill
"Oil companies, they get tax breaks while we pay at the pump. McSame as Bush," the ad states.
The Bush administration's signature energy initiative was the Energy Policy Act of 2005, a major piece of legislation that included subsidies and incentives for several sectors of the energy industry, including oil companies. It was the first national energy legislation in more than a decade, and the Bush administration worked for several years to get it passed. We ruled previously that the bill contained significant measures to encourage clean energy .
To be sure, the bill still had its detractors. Some people felt it included too many incentives for industry and too little to help consumers.
Those detractors included McCain.
"This bill does little to address the immediate energy crisis we face in this country," he said in a statement his Senate office issued at the time. "The handouts to big business and oil companies are irresponsible and will be disastrous for the people of Arizona. I cannot in good conscience vote to pass legislation that does not adequately address issues related to energy efficiency, security, and energy independence."
The statement noted that McCain liked the plan's reliability standards and incentives for new refinery capacity, but concluded that the bad outweighed the good.
McCain also said he opposed it because it might make pump prices higher with its mandates for the increased use of ethanol.
On the final vote on the bill, McCain was one of 26 senators who voted against it. ( Hillary Clinton also opposed it while Barack Obama voted for it. ) The McSame ad doesn't mention this legislation specifically, but it was a priority of the Bush administration and a notable source of tax breaks for the oil and gas industry. McCain opposed it. You can't call them the "McSame" for such a significant difference. For this reason, we find the statement False.
Published: Monday, March 17th, 2008 at 12:00 a.m.
Sources:Campaign to Defend America, McSame as Bush , March 5, 2008
John McCain Senate Web site, McCain, Kyl say no to flawed energy bill , June 28, 2005
U.S. Senate, Final roll call vote on Energy Policy Act of 2005 , June 28, 2005
U.S. Senate, Initial roll call vote on Energy Policy Act of 2005 , July 29, 2005
Washington Post, Bush Signs Energy Bill, Cheers Steps Toward Self-Sufficiency , Aug. 9, 2005
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