Political Quotes

“I know tonight we will have continued conversations about the legislation and the cost of the legislation. There are some who will say that this bill isn't paid for or perhaps that the revenues aren't accounted for properly. I would like to speak to the contrary. Again, I will be speaking about this later this evening. If you look at how this bill, the Great American Outdoors Act, is funded, it doesn't cost the taxpayer money. It comes from offshore oil and gas revenue. That is revenue generated from oil and gas production on Federal land in fiscal year 2019, which totaled $11.6 billion. This is just an example of one of the years of funding. In 2019, the revenue generated from oil and gas was about $11.6 billion; $11.6 billion went into the Treasury. Right off the top of that, $2.4 billion went to the States. We don't change that. The $2.4 billion goes to the States. This bill does not change that. Another $1 billion of that $11.6 billion from back in 2019--the same formula would apply every year--another $1 billion went to Tribal entities right off the top. So $2.4 billion went to States, and another $1 billion went to Tribal entities. After that, $1.7 billion of this amount of money went to the Reclamation Fund. To get this straight, there is funding that goes out to the States, funding that goes out to Tribal entities, and funding that goes to the Reclamation Fund. Then fourth in line for this, $1 billion went to the Land and Water Conservation Fund.…”