海角吃瓜网

The administration海角吃瓜网檚 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.

海角吃瓜网淣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海角吃瓜网檚 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海角吃瓜网檚 economy.

海角吃瓜网淭he US$10 per barrel tax hike 海角吃瓜网� 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 海角吃瓜网� should be a wake up call. This is what 海角吃瓜网榣eave it in the ground海角吃瓜网� ideology really means: harm to consumers, diminished American competitiveness, weakened energy security and a return to energy dependence. It海角吃瓜网檚 a head in the sand movement.

海角吃瓜网淭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.

海角吃瓜网淥nly extremists whose goals ignore the concerns of consumers and lower income families could welcome the administration海角吃瓜网檚 backward approach.海角吃瓜网�

Adapted from press release by

Read the article online at: /business-news/10022016/api-comments-on-administrations-final-budget-proposal-2431/