WASHINGTON, D.C.—Today, Congressman Ted Poe (TX-02) released the following statement responding to President Obama’s plan to implement a $10 tax on every barrel of oil to help fund his budget proposals.
“President Obama’s plan to slap a $10 tax on every barrel of oil to fund his bloated budget would not only be damaging to energy production, it would also be felt in the wallets of American families. Unlike Washington bureaucrats, many families across this nation actually have to budget their spending. They cannot afford to pay for yet another tax just to fill up their vehicles. The President’s arrogant efforts to drive people away from using oil to fuel their cars and heat their homes by making it more expensive for them to do so is an abuse of power. Most American families can’t afford expensive electric cars or solar paneled homes. These families live paycheck to paycheck and should not be stuck with footing the bill for President Obama’s climate change agenda and even more reckless government spending. Raising the cost of fuel has the effect of raising the cost of all goods and services that rely on transportation, including food. This proposal is essentially a new tax on the entire American economy. It’s unnecessary. It’s impractical. And, it’s going nowhere in Congress.”