On the recordMarch 28, 2023
Madam Chair, there was some discussion earlier and an allegation made that Democrats have yet to introduce any policy to reduce our energy costs, as if we have completely forgotten about the sweeping, multibillion-dollar investments in the Inflation Reduction Act to reduce people's costs across the board. I am rising today to stand in opposition to H.R. 1. While Republicans try to claim that this is a bill to lower people's energy costs, what we really see when we start digging into it, is that what this bill actually shows us by the Republican authors is that they actually have no plan to reduce our utility bills or even prevent climate disaster in the United States. The central argument and logic of this bill is that if you give Big Oil everything they want, then perhaps they will lower our gas prices. It is a form of trickle-down fantasy that just will not make life easier for everyday Americans. What H.R. 1 will do is give Big Oil more leases of public lands. This idea that an increased supply of fossil fuels will drive down prices is also mistaken. Let's look at what happened last year. We saw how Big Oil more than doubled its profits to $219 billion, all while price gouging customers at the pump, not because of supply issues but because they can. Republicans opposed solutions that we put forward, like a windfall tax on price gouging on Big Oil in order to prevent these kinds of behaviors.…





