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The House Won’t Accept the Administration’s New Oil Tax

Feb 7, 2016
Press Release

Washington, D.C.  – Congressman Leader Kevin McCarthy released the following statement on President Obama’s proposal to put a $10 tax on American-produced oil: 

“The President’s proposed oil tax would hit the American people with added costs during a period of prolonged economic insecurity in a weak economy. The added cost to production because of this tax would undoubtedly be passed along to consumers, adding that much more to every energy bill and trip to the gas station. But the American people are already paying enough. Wages are down while many basic necessities cost more, and the last thing we need is a misguided Washington policy that makes our lives harder. It goes without saying that the House has no intention of adding more costs on the American people.”