Taxes

At a time when America needs economic stability and increased energy security, the government should not impose new taxes and fees on the oil and natural gas industry.

The Administration is considering new taxes on the oil and natural gas industry.  Raising taxes as the economy is trying to recover from a deep recession is a recipe for disaster—placing the burden on hard-working Americans and their families. Higher energy taxes that reduce production and increase consumer costs will take money from every American household:

At a time when other countries are providing incentives to develop their own energy resources, the U.S. is the only country actively discouraging it. The bottom line is that what happens in the oil and natural gas industry reverberates throughout the economy.