[Congressional Record Volume 157, Number 64 (Wednesday, May 11, 2011)]
[Senate]
[Page S2852]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                 ENERGY

  Mr. McCONNELL. Madam President, yesterday Democrats unveiled yet 
another attempt to slow American energy production, this time through a 
tax hike on American energy. They acknowledge, however, that this will 
not lower the price of gas, and they are right.
  The Congressional Research Service tells us that raising taxes on 
American energy will do two things: It will increase the price of gas, 
and it will increase our dependence on foreign competitors. By taxing 
American energy production, they are also outsourcing American jobs. So 
let me get this straight: higher gas prices, fewer American jobs, and 
more dependence on foreign competitors at the expense of American 
energy? That is their plan? No thank you.

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