[Congressional Record Volume 154, Number 32 (Wednesday, February 27, 2008)]
[House]
[Page H1078]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       INNOVATION, NOT NEW TAXES

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Mr. Speaker, if at first you don't 
succeed, try, try again.
  The Democrats have failed three times to push through their energy 
tax increase but here it is on the floor again today. When will our 
neighbors across the aisle realize we cannot tax our way to energy 
independence? Innovation and competition, the free market forces that 
have led to extraordinary discovery, do not emerge from tighter 
bureaucracy and punitive tax policies; yet, the majority still wants to 
raise taxes on the American people.
  The truth is that our antiquated domestic refinery capacity, a 
dependence on foreign oil, and a growing global demand for oil are 
responsible for the increase in oil prices. Raising taxes on American 
companies simply punishes American taxpayers by implementing a policy 
which will raise the price at the pump and hit us all in the wallet.
  Let's expand our energy development and workable conservation 
programs, but let's promote innovation, not new taxes.
  In conclusion, God bless our troops, and we will never forget 
September the 11th.

                          ____________________