On the recordMay 21, 1996
Free markets make sense in America. We applaud them. We are pleased with them. My liberal friends who like gasoline taxes believe that the price of gasoline should be really high so Americans will not use it any more. That is their theory. So they keep adding taxes on it. Those of us who believe in the free markets know that if we produce more at home, if we produce more at home and not depend upon foreigners all the time, then we can really get prices we can depend upon. When we depend on somebody else to make our products, they set the prices and we may not like them. When we raise taxes on a product, we raise the prices to consumers. It is that simple.
Source
govinfo.gov
