Quantcast

Categorized | Senate News Briefing

McConnell On Dems’ Call For Tax Hikes On Energy Producers: “An Absurd Suggestion When You’ve Got $4 Gasoline”

Last week, Democrats and President Obama spent the week pushing a bill to raise taxes on American energy producers, even though not a single one could explain how this was supposed to help Americans feeling the pinch of high gas prices. Senate Majority Leader Harry Reid (D-NV) held a vote on the measure on Thursday and it was rejected on a bipartisan basis.

 

The Hill noted, “The outcome of the vote was not a surprise, given that a similar plan failed 52-48 last May. . . . Obama has sought to deflect blame for high gas prices, in part by casting Republicans as allies of big oil companies. He used a Rose Garden speech to urge lawmakers to back [Democrats’ tax bill]”

 

Despite the president’s attempts to shift blame, the Senate has now rejected Democrats’ calls to raise taxes on American energy producers twice. When Democrats were pushing this same tax increase last year, the Congressional Research Service weighed in and explained that such tax changes “would make oil and natural gas more expensive for U.S. consumers and likely increase foreign dependence.” And of course, Democrats have continually admitted that raising taxes on American energy companies won’t do anything to decrease the price of gas at the pump.

 

Discussing this nonsensical call from the president on CNN’s State of the Union on Sunday, Senate Republican Leader Mitch McConnell said, “The issue is the price of gas at the pump. If you raise taxes on the producers of gasoline, you drive the prices even higher. Does anyone think we need higher gas prices when they’re already at $4 a gallon? This is not the way to lower the price of gas at the pump. . . . [The president is] trying to selectively raise taxes on some corporations, and to do that would drive the price of gas at the pump even higher. This is a terrible idea.” He added, “The Congressional Research Service, which is not a polling operation, but analyzes objectively legislation, says if you raise taxes on oil production, the price of the gas at the pump goes even higher. This is an absurd suggestion when you’ve got $4 gasoline. What the President ought to be doing is approving the Keystone Pipeline. This is this massive private sector project that will bring energy down from our friendly neighbor, Canada, to the United States. He’s blocking it. What he’s got to do is increase public production down here. Land within the federal jurisdiction, the production is down 14 percent. . . . The American people know that it’s absurd for the most energy rich country in the world to be locking up such a huge percentage of its resources.”

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog.

Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge

Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

Check out NewsMax!

Sign up for Virginia Right Once Daily Email Digest

No Spam - ever! We send a daily email with the posts of the previous day. Unsubscribe at any time.
* = required field

Submit a Blog Post!

Submit a Blog Post for our 'Boots on the Ground' feature

Click Here for Instructions on How to Submit a Post

Google Ad

Google Ad

Follow Us Anywhere!

Google Ad

Archives

Facebook Auto Publish Powered By : XYZScripts.com
%d bloggers like this: