This amendment contains technical and clarifying corrections to the legislation that I have worked out in advance with our ranking member, the gentleman from California (Mr. Waxman), and the gentleman from Texas (Mr. Turner), the subcommittee ranking member. There are eight changes that include such things as correctly aligning reporting dates and clarifying language used in definitions. These changes serve to make the intent of the bill as clear as possible. I think this is an amendment that everybody will support. It is technical in nature and has been cleared with the ranking minority members, as well.
Dan Burton: “This amendment contains technical and clarifying corrections to the legislation that I have worked out in advance with…”
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Discussing an amendment with technical corrections to legislation.
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I hope everybody who may be paying attention to this...raising the price of gasoline by taxing these companies is not going to solve the problem.
Each one of those drilling sites, if they drill and they find oil, it costs up to $2 billion to drill there. And if they're not going to make any money, they're sure not going to do that.
And when we start having inflation like that, the cost of doing business, the cost of buying products, everything goes up, goes right out the window. Now they're talking about putting trillions of dollars back into this economy, and it's…
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