The Freedom Project
4/6/2011
Today, the House is taking up the Energy Tax Prevention Act, legislation aimed at preventing the EPA from imposing a job-crushing backdoor national energy tax that will drive up gasoline prices and destroy American jobs. Stopping the Democrats’ drive to impose an energy tax is critical to preventing the Obama Administration from driving gas prices up even further. In fact, this past weekend saw the highest gas prices at the pump ever for the month of April.
The Obama Administration’s energy moratorium isn’t just driving up prices, its threatening job-creation. The Associated Press has the details:
“Just when companies have finally stepped up hiring, rising oil prices are threatening to halt the U.S. economy’s gains. Some economists are scaling back their estimates for growth this year, in part because flat wages have left households struggling to pay higher gasoline prices…Unlike other kinds of consumer spending, gasoline purchases provide less benefit for the U.S. economy. About half the revenue flows to oil exporting countries like Saudi Arabia and Canada…For consumers, more expensive energy siphons away money that would otherwise be used for household purchases, from cars and furniture to clothing and vacations.”…
…Even the Washington Post editorialized that “Mr. Obama’s enthusiasm for punching holes in the ocean floor off Brazil is hard to reconcile with his decision, announced Dec. 1, to keep the waters off the East and West coasts and the eastern Gulf of Mexico off-limits to exploration indefinitely.”…
Read the entire article at The Freedom Project.
