New Energy Taxes Will Hobble Economy

Congress will soon consider massive new taxes and fees on America’s oil and natural gas industry, yet this could produce devastating effects on our economy, all when America can least afford it.

These unprecedented taxes and fees would reduce investment in new energy supplies at a time when nearly two-thirds of Americans support developing our domestic oil and natural gas resources. That would mean less energy, and it would cost thousands of American jobs, actually reduce local, state and federal revenue, and further erode our energy security.

Learn more and tell Congress to oppose these proposals to impose $80 billion in tax hikes on America’s oil and natural gas companies. By using SocialCapital, you can voice your opinions to public officials and members of Congress about key energy issues via Twitter, Facebook, YouTube and more.

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Imposing More Energy Industry Taxes Will Be Counterproductive

March 2009 - Proposals to increase taxes on the U.S. energy industry will not create energy nor will they create jobs—and the country needs more of both.

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A Climate for High Energy Costs

The House of Representatives recently approved the American Clean Energy and Security Act of 2009—or Waxman-Markey bill—aimed at reducing greenhouse gas emissions. Now recently-introduced Senate legislation—the Kerry-Boxer climate bill—is beginning to look strikingly similar to the House’s Waxman-Markey bill and a loser for American consumers and business.

At a time when America is trying to recover from a serious recession, this legislation could mean huge new energy taxes and imperil millions of U.S. jobs.

Learn more about this proposed legislation, and stay tuned to EnergyTomorrow.org for updates as the Senate discusses its version of the bill.

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