GOP Senators Blast Sleepy Joe’s Proposed $110 Billion Tax Hikes on Oil, Gas and Coal

“America's working families and small businesses are facing immense challenges including high energy prices,” senators wrote.


Two dozen Republican U.S. senators are pushing back against the Biden administration's plan to increase taxes on the U.S. oil, natural gas and coal industries to the tune of over $110 billion.

U.S. Sen. John Barrasso, R-Wyo., led a coalition of 24 senators expressing “grave concern regarding the administration's continued hostility towards American energy production.” In a letter to U.S. Treasury Secretary Janet Yellen, they wrote, “America's working families and small businesses are facing immense challenges including high energy prices. At the same time, our allies and partners across the globe are asking for reliable American energy resources to escape their dependence on Russian energy and to deal with the energy crisis.”

“Instead of increasing US energy production, the administration is focused on increasing energy taxes,” they argued, “by once again doub[ling] down on weaponizing the tax code against US energy producers.”

The Treasury Department released “General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals (Green Book),” which explains $5 trillion in new tax increases outlined in the president’s budget.

In the department's “Modify Energy Taxes” section, it states it’s eliminating “fossil fuel tax preferences,” eliminating drawbacks on petroleum taxes that finance the oil spill liability trust fund and Superfund, and imposes a digital asset mining energy excise tax.




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OH BOY,,,,,,,,,TWO dozen Republicans are PUSHING back,,,HOORAH!!! The republicans are here to our rescue,,,,,,,America is saved!!!

YIPPEEEE!!!!


What a bunch of milk toast loosers we are......

I cant do it anymore having voted Republican since first voting for G Ford,,, I ve been on the losing team my entire life and cant do it one more time.

I have to switch and vote Democrat this year for my sanity and for once in my life be on the winning team...

Tip of the hat republicans,,,, I m done

5 Trillion in new taxes. Like trying get an extra 5 gallons of blood from a corpse. Done with these crooks.

Senator Bareasso main job was to monitor golf playing by the President but took a break from 2016-2020 and since Biden has been working so hard making the US energy independent, he hasn't had time for golf so Sen Bareasso needs to keep busy by pulling crap out of his ass.

https://twitter.com/_/status/1770925965436166495

OH BOY,,,,,,,,,TWO dozen Republicans are PUSHING back,,,HOORAH!!! The republicans are here to our rescue,,,,,,,America is saved!!!

YIPPEEEE!!!!


What a bunch of milk toast loosers we are......

I cant do it anymore having voted Republican since first voting for G Ford,,, I ve been on the losing team my entire life and cant do it one more time.

I have to switch and vote Democrat this year for my sanity and for once in my life be on the winning team...

Tip of the hat republicans,,,, I m done

You pro oil, coal fucks are so dumb that I can't even get mad. Why do you think we're stuck with primitive fuel sources? There should be education and a test before you post pro deep state shit here.