Mr. McCONNELL. Madam President, yesterday Democrats unveiled yet another attempt to slow American energy production, this time through a tax hike on American energy. They acknowledge, however, that this will not lower the price of gas, and they are right.
The Congressional Research Service tells us that raising taxes on American energy will do two things: It will increase the price of gas, and it will increase our dependence on foreign competitors. By taxing American energy production, they are also outsourcing American jobs. So let me get this straight: higher gas prices, fewer American jobs, and more dependence on foreign competitors at the expense of American energy?
That is their plan? No thank you.