The new energy plan is co-sponsored by South Carolina Senator Lindsey Graham (web|news|bio) . The bipartisan effort is getting the attention of both John McCain (web|news|bio) and Barack Obama (web|news|bio) . The presidential candidates talking about the plan while on the campaign trail over the weekend.
Both senators praised the effort drawn up by law makers from both parties. With gas prices still hovering near record highs, this could be the plan that moves the U.S. away from foreign oil. Senator Graham says the plan is in response to out-cry from Americans whose country stuck in an energy crisis.
It's considered the number one issue facing Americans, The price at the pump serves as a constant reminder.
"It’s terrible for some people," said Ellen Ellis of Goose Creek.
In 2006, with gas near $2.50 a gallon, Seward and Ellen Ellis traded in their van for a Toyota Prius. At the time, not thinking gas prices would reach record levels two year later. Seward says he gets an interesting reaction when he drives by the local fueling station.
"I just smile, so happy, it gets 50 miles to the gallon," said Seward Ellis.
Fuel efficient cars are just one part of the Energy Reform Act of 2008. A plan backed by ten U.S. senators from both sides of the aisle.
"$4 a gallon for gas is killing working families, hurting business, driving up food prices and I'm tired of being in a Congress that's broken," said Sen. Graham.
The measure provides customers with up to $2,500 in tax credits for buying fuel friendly cars. The deal also sends $7.5 billion to U.S automakers to generate alternative fuel vehicles.
"There will be in the next decade to 15 years a revolution in technology when it comes to operating cars that will make us less dependent on foreign oil and this bill starts that process,” said Sen. Graham.
One of the controversial steps is off-shore drilling, asking states like South Carolina to consent to drilling 50 miles off the coast. The idea, adding to supply, plus a shrinking demand will make $4.00 a gallon a thing of the past.
"It's hurting everyone, the gas crunch, the better gas mileage, getting the oil off-shore, it's going to help everyone," said Seward Ellis.
While lawmakers make no guarantees about the plan, Graham says addressing this issue is long overdue. The energy reform also calls for recycling nuclear waste to be reused in commercial power plants. Congress is expected to debate the plan next month.
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