Randy Weber: “This amendment prohibits the leasing plan from providing a financial benefit for any entity that is allowed to make…”

“This amendment prohibits the leasing plan from providing a financial benefit for any entity that is allowed to make gross income or take a tax deduction on an oil depletion. Really? They are really going after the companies that are providing energy for Americans, lowering the price of energy? This amendment is not only punitive; it is literally aimed to hurt American energy and the American energy workers, the families who are working and striving hard to make America energy independent. Mr. Chairman, the left needs to stop trying to punish the oil and gas industry for trying to produce and unleash American energy independence so that we can increase the supply, which helps American families. For this reason, Mr. Chair, I urge a ``no'' vote on this amendment, and I yield the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentlewoman from California (Ms. Porter). The question was taken; and the Acting Chair announced that the noes appeared to have it.”