08.06.22

Graham Introduces Amendment to Eliminate Dems’ Gas Tax

Democrats want to implement a gas tax at the worst possible time

WASHINGTON – Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) introduced an amendment to end the Manchin-Schumer deal’s gas tax, which would raise prices at the pump at the worst possible time for Americans.  

“This bill imposes a new gas tax of 16.4 cents per barrel on all imported petroleum products and crude oil refined in America, including domestically produced crude oil, indexed to inflation. This creates new gas taxes for the American consumer in the name of climate change.

“Pennies become dimes, dimes become dollars. Bad idea.”

Background:

  • This tax expired in 1995. Prior to that, the tax was at a rate of 9.7 cents per barrel.
  • The Democrats’ bill includes an excise tax of 16.4 cents per barrel on all imported petroleum products and crude oil refined in America, including domestically produced crude oil, indexed to inflation.
  • The Tax Foundation estimates this would cost 2,000 jobs.


Full text of the Graham amendment can be found HERE.

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