Bipartisan opposition to Biden's war on fossil fuels

 Fox News:

A large bipartisan coalition in the House is introducing legislation Friday that would reverse a provision in the Inflation Reduction Act (IRA) targeting oil and gas producers.

The Promoting Domestic Energy Production Act — authored by Reps. Mike Carey, R-Ohio, and Vicente Gonzalez, D-Texas, and joined by more than a dozen fellow members — would aim to ensure the oil and gas industry is able to enjoy the same tax benefits as other capital-intensive industries. Specifically, it allows companies to receive tax deductions on intangible drilling costs (IDC).

"American energy independence is neither a right nor left issue, but one that should unite us all," Carey told Fox News Digital in a statement. "Our bipartisan legislation fixes a provision within the Inflation Reduction Act that unfairly penalizes America’s energy producers."

"At a time of sky-high inflation, the American people need any help they can get when it comes to lowering the cost of energy," the Ohio Republican continued.
...

Biden's pander to the climate kooks is harming everyday Americans. 

See, also:

Leading scientists reject Biden’s climate policy

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare

Bin Laden's concern about Zarqawi's remains