Political Quotes

“No. That's right. They want to take tax breaks away. They want to increase taxes. And when you pass a tax increase on to a business or industry, oil or automobiles or whatever it is, it's passed on to the consumer in the form of price increases. So if they raise taxes, it won't give us one more drop of oil, which we ought to be drilling for right now, but it will make more expenses for the companies, and unless they can prove wrongdoing, those expenses will passed on to the consumer in the form of another price increase. So raising the taxes on the oil companies is only going to exacerbate the problem and make the cost of oil go up more. And I don't understand why my colleagues don't understand basic economics and the law of supply and demand. It makes absolutely no sense whatsoever. We need to pass legislation that will get more oil to the refineries, build more refineries, as you've said, and start getting the price of oil down because we are energy independent. And just talking about, okay, we're going to hit Big Oil, that may resonate with a lot of people. Some people say, oh, my gosh, they are not paying enough taxes. They ought to be taxed more. They are making too much in profits. That's not going to bring any oil to the market, not a drop. So I just say to my colleagues, quit beating on a dead horse. We have got to become energy independent. We have to drill here in America.”