Tuesday, February 9, 2016

GOP Rips Obama's Oil Tax Plan: 'Dead on Arrival'

Congressional Republicans vowed Thursday to kill President Barack Obama's plan to add a $10-per-barrel tax on oil production to pay for "green" transportation projects, with House Speaker Paul Ryan calling it "dead on arrival" and "an election-year distraction."
"The president expects hard-working consumers to pay for his out-of-touch climate agenda," the Wisconsin Republican said. "A $10 tax for every barrel of oil produced would raise energy prices — hurting poor Americans the most.
"This announcement proves that President Obama is still on a mission to destroy a major backbone of the U.S. economy," Ryan said. "The president should be proposing policies to grow our economy instead of sacrificing it to appease progressive climate activists."
Arkansas Sen. Tom Cotton said Obama's plan "would be laughable if it didn't illustrate just how much he's lost touch with reality over the last seven years.
Sen. Tom Cotton (R-AR)
"While his plan might be applauded by environmentalists and big-city liberals, it would be a nightmare for working families," the senator said. "This proposal would effectively double the gas tax — at a time when Arkansas families are enjoying more affordable gas prices.
"Worse, that tax would unfairly target people in rural states like ours who use more gasoline."
Read the rest of the story HERE.

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