The White House has released its FY 2014 Budget Proposal. It is a mix of massive tax hikes on the most productive segments of our economy, and a continuation of wasteful subsidies to sectors that fail the market test. Adding insult to injury, even its alleged “balanced mix” of tax hikes and spending restraint don’t seriously address the nation’s fiscal imbalances. When it comes to energy policy specifically, here again the White House proposes to stick it to the efficient producers while lavishing mandates and taxpayer support on those technologies and fuels that would never survive on a level playing field.
