Published: 02-28-08
WASHINGTON DC – Today the House voted to pass yet another version of the Democrat-led “No Energy” bill. The bill passed by a vote of 236 to 182. Congressman Mike Conaway (TX-11) made this statement following the vote:
“The latest version of the Democrats’ Energy bill is one that is set to place an enormous tax burden on the backs of our country’s oil and natural gas producers and ultimately on American consumers. Each dollar that the oil industry earns is reinvested back into the ground to explore and produce increased domestic oil and natural gas.
Each dollar that we tax or take away from oil and gas producers is directly hurting our economy and placing a roadblock on the path to energy independence for America. The cost of these new taxes will ultimately be passed on to the American consumer by way of higher pump prices.
“Energy is the lifeblood of our economy and today gas prices are higher than ever. I urge the Majority to stop wasting time with legislation that will not get passed the President’s desk and start working in a bipartisan manner to find real solutions to our energy crisis.”
Click
here to watch Rep. Conaway speak on the major problems with the Energy Tax legislation on the House Floor.
