REBUTTAL: IER Critiques CBO Testimony on Energy Subsidies

Australia implemented a carbon tax: 10,500 company collapses for the first 2 months of this year


On March, 13, 2013, the Institute for Energy Research (IER) participated in a hearing before the energy panel of the House Committee on Space, Science, and Technology. IER Distinguished Senior Fellow Mary Hutzler testified alongside other experts to discuss federal financial support for energy technologies. One of the witnesses for the panel, Dr. Terry Dinan, provided analysis from the Congressional Budget Office that warrants a lengthier response and rebuttal than the committee’s time allotment provided. The following represents the Institute for Energy Research (IER)’s reaction to the testimony prepared by the Congressional Budget Office (CBO).[ia] The statements and page numbers refer to the CBO testimony; the comments are IER’s reaction to CBO’s statement.
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