Mobile Menu - OpenMobile Menu - Closed

Ripped from the Onion? Obama Proposes $10 Per Barrel Oil Tax

Feb 4, 2016

WASHINGTON, DC – Energy and Commerce Committee Chairman Fred Upton (R-MI), Energy and Power Subcommittee Chairman Ed Whitfield (R-KY), and Chairman Emeritus Joe Barton (R-TX) expressed disbelief after the Obama administration unveiled a proposal to place a $10-per-barrel tax on oil.

Upon learning of the proposal, Chairman Upton commented, “Good grief. The president’s proposed new tax will hurt those most vulnerable. Jump starting the economy by raising taxes is not a solution that will fly in the Republican Congress.”

Rep. Barton added, “The unbelievable audacity of President Obama to propose what equates to a new 30 percent tax on oil is dumbfounding. This is not a path forward for clean energy – it is a budget killing tax on hard working American families. For me, this budget proposal is a non-starter and indicates a lack of sincerity on the part of the administration.”

Chairman Whitfield concluded, ““Days before the President’s budget is set to be released, his administration dangles a reckless $32 billion plan that pushes his green climate agenda at the expense of American consumers. This reckless ‘vision’ would more than double the federal gasoline tax at a time when Americans can least afford it.”

###