Obama's New Tax Plan for Consumers
Posted: Mon Feb 08, 2016 11:47 am
Below is the IPAA's response to President's latest attack on the energy sector. More proof that he wants to make the U.S. more like Europe. IMO this is nothing more than an election year distraction to divide the country. Any tax on the energy industry just gets passed on to consumers in the form of higher fuel prices. Our low energy prices in the U.S. is the only thing that gives American manufacturing companies an advantage over Asia. - Dan
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February 8, 2016
Dear IPAA Member:
Last Thursday, the Obama Administration announced its plan to fund the nation's transportation infrastructure with a $10 fee on every barrel of oil produced in the United States. Yet, the Administration was unclear on how this plan would work and how it would account for imported oil and petroleum products.
IPAA was quick to respond - ensuring this plan was immediately labeled as a hidden "energy consumer tax." By some calculations, this proposal would raise gasoline prices by more than $.25 per gallon. It would not only raise gasoline costs, but touch all sectors of the economy and households that rely on oil products. Make no mistake, this is a consumer energy tax disguised as an oil company fee!
Our reaction was featured by news media nationwide, from the New York Times, Associated Press, Reuters, Houston Chronicle and more. Our social media efforts caught the eye of CBS News' White House Correspondent and other influential outlets. Additional samples of those articles can be found here.
Speaker of the House Paul Ryan said: "Once again, the president expects hardworking consumers to pay for his out-of-touch climate agenda...The good news is this plan is little more than an election-year distraction. As this lame-duck president knows, it's dead on arrival in Congress."
Tomorrow, the President will officially unveil his budget, and hopefully provide more details on his hidden tax agenda.
IPAA will continue to frame this debate with policymakers and the news media.
As you can see, there is an aggressive agenda among some politicians and activists to harm the American oil and natural gas industry and the benefits it provides to citizens around the world. Your continued support of IPAA helps us fight such efforts.
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February 8, 2016
Dear IPAA Member:
Last Thursday, the Obama Administration announced its plan to fund the nation's transportation infrastructure with a $10 fee on every barrel of oil produced in the United States. Yet, the Administration was unclear on how this plan would work and how it would account for imported oil and petroleum products.
IPAA was quick to respond - ensuring this plan was immediately labeled as a hidden "energy consumer tax." By some calculations, this proposal would raise gasoline prices by more than $.25 per gallon. It would not only raise gasoline costs, but touch all sectors of the economy and households that rely on oil products. Make no mistake, this is a consumer energy tax disguised as an oil company fee!
Our reaction was featured by news media nationwide, from the New York Times, Associated Press, Reuters, Houston Chronicle and more. Our social media efforts caught the eye of CBS News' White House Correspondent and other influential outlets. Additional samples of those articles can be found here.
Speaker of the House Paul Ryan said: "Once again, the president expects hardworking consumers to pay for his out-of-touch climate agenda...The good news is this plan is little more than an election-year distraction. As this lame-duck president knows, it's dead on arrival in Congress."
Tomorrow, the President will officially unveil his budget, and hopefully provide more details on his hidden tax agenda.
IPAA will continue to frame this debate with policymakers and the news media.
As you can see, there is an aggressive agenda among some politicians and activists to harm the American oil and natural gas industry and the benefits it provides to citizens around the world. Your continued support of IPAA helps us fight such efforts.