Well, I appreciate that observation as well, because that appears to be what they believe. But we are getting a little ahead of ourselves, because it's important to close the loop on this energy issue. Because what the majority party offered was this remarkable smoke and mirrors that said, as part of their 6 for '06, that if we just passed this bill, if we just increased taxes on the oil company, then what will happen is that they will, by some miraculous determination, lower the price of oil for folks at the pump. Well, as you well know, what increases taxes on American oil companies does is make it so that they are less likely to be able to compete in the world so that our reliance on foreign oil gets greater.
Tom Price: “Well, I appreciate that observation as well, because that appears to be what they believe. But we are getting a little…”
Editor's note · Context
Discussing the implications of proposed tax increases on oil companies during a debate on energy policy.
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