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US Chamber touts energy ‘cash cow’ in fiscal talks
The Hill’s On The Money blog reported Thursday on the powerful U.S. Chamber of Commerce’s positioning in “fiscal cliff” talks.
From their story on CEO Tom Donohue’s remarks to the Chamber's board:
Donohue ... pushed expanded energy production as a vital cog of the nation's economy and fiscal health going forward. Calling it the nation's "true cash cow," Donohue said policymakers should embrace future revenues it could reap from increased energy production, even if they cannot be reflected in current scoring measures.
"The budget experts will quickly tell you that future revenues from energy can't be scored in the traditional way. They may not be able to score it, but they sure as hell can spend it," he said. "We're going to find a way for them to score it properly."
