The administration麻豆传媒映画檚 final budget proposal, which includes new energy taxes, signals a lame duck assault on American consumers, jobs and the US economy, according to API President and CEO Jack Gerard.
麻豆传媒映画淣o longer constrained by electoral considerations, the administration has shifted from a balanced all of the above strategy on energy to an extreme policy objective: to choke off America麻豆传媒映画檚 energy renaissance and keep fossil fuels in the ground at the expense of consumers. The US$10 per barrel tax hike proposal and other higher taxes on American production proposed in the budget are just the latest expressions of what has been an increasingly hostile campaign against American consumers and our nation麻豆传媒映画檚 economy.
麻豆传媒映画淭he US$10 per barrel tax hike 麻豆传媒映画� which would add about 30% to the cost of a barrel of oil and potentially about US$0.25 to the cost of a gallon of gasoline, according to reports 麻豆传媒映画� should be a wake up call. This is what 麻豆传媒映画榣eave it in the ground麻豆传媒映画� ideology really means: harm to consumers, diminished American competitiveness, weakened energy security and a return to energy dependence. It麻豆传媒映画檚 a head in the sand movement.
麻豆传媒映画淭he proposed tax hikes could also have an impact on food prices and all sorts of goods that rely on transportation to reach consumers. Lower income and middle class Americans, for whom essentials like transportation and grocery bills consume a greater percentage of their income, would be harmed the most by these outrageous tax proposals.
麻豆传媒映画淥nly extremists whose goals ignore the concerns of consumers and lower income families could welcome the administration麻豆传媒映画檚 backward approach.麻豆传媒映画�
Adapted from press release by