New Oil Taxes Cost American Families

Floor Speech

BREAK IN TRANSCRIPT

Mr. LaMALFA. Mr. Speaker, President Obama has proposed a new $10-per- barrel tax on oil. That represents 24 cents in new taxes on every gallon of gas. That is right, 24 cents per gallon of new cost for families. When families are finally feeling the benefit of lower cost fuel, this President proposes a plan to take those savings away from families.

Worse, this new tax on driving will actually go to fund pie-in-the- sky government boondoggles like California's high-speed rail projects and many other pet projects of the President. That pet project in California has tripled in price since its first inception.

The American people paid a record amount of taxes last year to the Treasury, over $3.2 trillion, or nearly $22,000 per working American; yet there are those in government who still want to take more and spend more.

I say ``no''--no more taxes on the American family; no more wasted billions of dollars on the President's and California Governor Brown's pet projects.

I urge my colleagues to join me and put this country, instead, on a balanced budget track.

BREAK IN TRANSCRIPT

Source