These declines were enabled by America's recent energy renaissance made possible by technology and free markets.
Pat Toomey
The Public Record
Patrick Toomey is a former United States Senator from Pennsylvania, serving from 2011 to 2022. A member of the Republican Party, Toomey was known for his focus on fiscal conservatism, economic growth, and limited government. During his tenure, he served on several Senate committees, including the Banking, Housing, and Urban Affairs Committee, where he was involved in financial regulation and economic policy discussions.
It just restores responsibility over tariffs, which is to say taxes, to Congress--where the Constitution actually puts it.
But that debate should honestly acknowledge that if we shift from low-cost, reliable fossil energy to high-cost energy, like wind and solar, there are costs associated.
Congress should work with the administration to make sure that an exclusion process is reinstated.
I would also argue that 232 steel and aluminum tariffs have been harmful to the U.S. economy, by an objective measure.
We know that when the Government substitutes its judgment for that of the market, it picks winners and losers based on political favoritism, not business fundamentals.
Pursuing new FTAs would not only have beneficial economic effects but would also have strategic implications.
permitting obstacles that are created by people who do not want the pipeline to exist have certainly occurred in my neck of the woods.
the Biden administration has thus far given no indication of a plan to reinstate the 301 exclusion process.
I think we need to reform the underlying statute to reassert the responsibility that we have in this area.
Today, I expect we will hear calls for Green New Deal-type policies. Our discussion needs to include the costs of these policies, including lost American jobs, slow economic growth, increase energy costs, and waste billions of taxpayer…
Colleagues, Congress is, after all, the first branch of government, and we have explicit constitutional responsibilities, and they include trade.
We need to weigh these costs against the perceived potential benefits of a shift, and we should do so in an open, transparent, and accountable way.
Today I expect we will hear about all kinds of opportunities associated with Green New Deal-type policies.
Despite all this, some of my colleagues seem determined to impose Green New Deal policies that will cost us jobs.
Our discussion really needs to include the costs of these policies, including the cost of lost American jobs.
I think it is very, very important to underscore that it was almost immediately after we passed the tax reform that we had the best economy of my lifetime.
Lifting the cap on the SALT tax would do... a big subsidy from working Americans to the richest Americans.
When our Government leaders start attacking our economy directly, that is where we have significant concerns.
The idea behind the tax reform...was to lower the after-tax costs of deploying capital...to help improve productivity.
I hope that there is a universal acknowledgment that there has never been--and certainly in the tax reform we did--any pernicious racial intent in the sense of trying to benefit a given group at the expense of another.





