Political Quotes

On the recordJune 10, 2016
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, earlier this year, the Obama administration, in its budget proposal, proposed a $10.25 tax on each barrel of oil. This will severely harm America's already struggling energy industry, but it will have a very detrimental impact throughout the American economy, and that is why I introduced H. Con. Res. 112, sending a very clear message that Congress and the American people refuse to allow this administration to fund an environmental agenda on the backs of working families. It is pretty simple. At $10.25 per barrel of oil, this increase would not only add significantly to the cost of a gallon of gasoline at the pump, certainly disproportionately hurting fixed-income families, seniors, and so forth, it would also have a detrimental impact on job creation, on wages, and on the Nation's overall economic health. This also would effectively act as an export tax on oil, just as we opened up the door to export crude oil to allow American producers to have market access worldwide, just like our Iranian opponents worldwide currently have the luxury to do. Why would we tie up the hands of American energy producers and allow the Iranians and OPEC to dominate world markets? Wrong.…
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Charles Boustany
Republican · Louisiana

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