On the recordAugust 12, 2022
I thank my colleague for yielding. I rise in opposition to the rule to consider the Senate amendment to H.R. 5376, the so-called Inflation Reduction Act. This partisan legislation is full of new tax hikes, which will negatively impact Oklahomans throughout my district. Sadly, the legislation will only worsen inflation and further the Democrats' Green New Deal priorities. The bill should instead be called the Green New Deal lite. To make matters worse, the bill will not solve the energy crisis our Nation is currently facing. It raises the royalty rate for onshore oil and gas leases, imposes a new per-acre fee to nominate these parcels, and provides billions for so-called environmental justice initiatives. The legislation also includes a natural gas tax, which would make it more expensive to heat homes, cook, and more. Mr. Speaker, for these reasons, I urge my colleagues to reject the rule and oppose this legislation. Mr. McGOVERN. Mr. Speaker, I yield 2 minutes to the gentleman from Colorado (Mr. Neguse), a distinguished member of the Committee on Rules.
