Mar 29 2012

Senator Blunt Rejects Democrats’ Tax Hike On American Energy Producers

Blunt: Tax Hikes Would Be Passed Along To Consumers, Will Do Nothing To Lower Costs

WASHINGTON, D.C. – U.S. Senator Roy Blunt (Mo.) released the following statement today after he voted against U.S. Senator Bob Menendez’s (N.J.) bill to raise taxes on American energy producers:

“Families, farmers, seniors, and job creators are suffering from skyrocketing gas prices in Missouri and nationwide. But instead of working to relieve pain at the pump, President Obama and the Democrat-led Senate are pushing for tax hikes that would be passed along to consumers – tax hikes they admit will do nothing to lower fuel costs. 

“The shortest path to more American jobs is more American energy. If we want to lower costs for consumers and spur economic opportunities nationwide, we need to work together on an ‘all-of-the-above’ energy plan.”

A number of Senate Democrats acknowledged that a tax hike on American energy producers will do nothing to lower gas prices. Since President Barack Obama took office in 2009, gas prices have more than doubled from $1.85 to $3.92 per gallon.

Blunt cosponsored bipartisan legislation to authorize the construction and operation of the Keystone XL Pipeline that was introduced by U.S. Senator John Hoeven (N.D.) along with Senators Richard Lugar (Ind.) and David Vitter (La.) and is cosponsored by a group of 44 Senators.

Despite President Barack Obama’s rejection of the project, a recent Gallup survey found most Americans – including a plurality of Democrats and most Independents – support building the Keystone XL Pipeline.

In addition, a recent ABC News/Washington Post poll found most Americans, 65 percent, disapprove of the President’s handling of gas prices. And a recent CBS News/NY Times poll found most people, 54 percent, believe gas prices are something the President “can do a lot about.”

# # #