Manufacturers: Increased Energy Taxes Will Hurt Jobs04/26/11 - National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement today regarding President Obama’s letter to congressional leaders about increasing taxes on the oil and gas industry:
“Manufacturers depend on affordable energy to make products Americans and consumers around the world depend on and use every day. Unfortunately, President Obama called on Congress today to make energy more expensive.
With gas prices approaching five dollars a gallon in parts of the country, the President sent congressional leaders a letter urging them to raise taxes on oil and gas companies. That misguided policy would result in more inflation, higher prices at the pump for already beleaguered Americans, and increased costs for products consumers need and use every day.
Manufacturers support efforts to increase the use of clean energy sources and are helping to lead the way in meeting future energy demands with new energy sources.
President Obama wants to raise taxes on energy companies and, at the same time, reduce the cost of gasoline. He can’t have it both ways.”