Chairman Christian: Democrats’ $700 Billion Green Energy Boondoggle Hikes Taxes, Kills Jobs, and Makes Energy More Expensive Amid RecessionAugust 09, 2022
AUSTIN – With $4 a gallon gas, inflation at 40-year highs, and two straight quarters of economic recession, D.C. Democrats fast-tracked partisan legislation that will stifle the economy, kill jobs, hike taxes, and increase energy costs. Following Senate passage of the “Inflation Reduction Act of 2022”, Texas Railroad Commission Chairman Wayne Christian had this to say:
“President Biden is slowly achieving his Green New Deal dream of killing cheap, plentiful, and reliable fossil fuels and the Orwellian-named Inflation Reduction Act puts him one step closer,” said Chairman Christian. “This bill spends $369 billion on green energy programs and creates a $6.5 billion natural gas tax. Ultimately, this bill will lead to less investment in oil and gas production, making everything more expensive from the gas pump to the grocery store.”
“Only to D.C. Democrats does doubling down on more of the same make sense,” Chairman Christian continued. “Instead of attacking the domestic oil and gas industry, President Biden should unleash it. Instead of raising taxes, regulations, and deficit spending, he should cut them. This bill once again proves, Democrats think they can spend your money more wisely than you can.”
About the Railroad Commission:
Our mission is to serve Texas by our stewardship of natural resources and the environment, our concern for personal and community safety, and our support of enhanced development and economic vitality for the benefit of Texans. The Commission has a long and proud history of service to both Texas and to the nation, including almost 100 years regulating the oil and gas industry. The Commission also has jurisdiction over alternative fuels safety, natural gas utilities, surface mining and intrastate pipelines. Established in 1891, the Railroad Commission of Texas is the oldest regulatory agency in the state. To learn more, please visit http://www.rrc.texas.gov/about-us/.