Senate Dems Are Slamming Their Party’s Bid To Hike Oil Taxes

They Are Calling It ‘Laughable’ And A ‘Gimmick’ That ‘Will Not Reduce Gasoline Prices By One Penny’
DEM SENATOR: ‘It Will Actually Hurt Job Production In The United States’

“When it comes up for a vote in the Senate sometime in the next week, its chances of passing seem slim to none because not only is it going to run up against widespread Republican opposition, it won’t even have the support of all 53 Democrats.” (“The Skunks At The Garden Party," ABC News, 5/11/11)

SEN. MARY LANDRIEU (D-LA): “Laughable.” “You ask me can I vote for a bill like this. No. Not only can I not vote for it, it's laughable.” (Sen. Landrieu, Floor Remarks, 5/11/11)

SEN. MARK BEGICH (D-AK): “A gimmick.” “You're right, this piece of legislation they put down without really a committee process on it is a gimmick, a gimmick to get the next week of activity, and get some press out there.” (Sen. Begich, Floor Remarks, 5/11/11)

SEN. MARY LANDRIEU (D-LA): “It will not reduce gasoline prices by one penny.” “I would just like to add my strong voice to urging my colleagues to read this bill, to look at it and understand the inherent unfairness in it, the lack of significant deficit reduction, and the fact that it will not, although it is being touted as, it will not reduce gasoline prices by one penny.” (Sen. Landrieu, Floor Remarks, 5/11/11)

SEN. MARK BEGICH (D-AK): “It won't decrease prices at the pump.” “There is a lot of talk right now about ending tax incentives for oil and gas industry, but the high profits right now of these companies are easy targets. But one thing Alaskans know, just because you have an easy target doesn't mean it is the right thing to shoot. It won't decrease prices at the pump for our families and small businesses. It will discourage companies, especially the independents, from domestic investment and job creation.” (Sen. Begich, Floor Remarks, 5/11/11)

SEN. MARY LANDRIEU (D-LA): “Will it create jobs? No. It will actually hurt job production in the United States.” “Why are we singling out one sector of one energy – you know, one part of the energy industry to repeal the subsidies when it will in fact have the opposite effect of reducing gasoline prices, which even its sponsors, one of its cosponsors said publicly for us not to be fooled. This will not reduce gasoline prices. So why are we doing it? Will it create jobs? No. It will actually hurt job production in the United States.” (Sen. Landrieu, Floor Remarks, 5/11/11)

SEN. MARK BEGICH (D-AK): “The bureaucrats in [President Obama’s] administration are not listening. They are not -- they are tossing up barriers in additional Alaskan oil and gas production every chance they get. Sadly, some of my colleagues in this body are not much better. Instead of addressing the problem with specific solutions, they are going for headlines by dragging energy company executives before committees or promising the roadblocks -- or proposing that roadblock incentives for increased domestic energy consumption, some of which have been on the books for decade. Let's stop the headline-grabbing and get serious about the energy security.” (Sen. Begich, Floor Remarks, 5/11/11)

CRS: Dem Tax Hikes ‘Would Make Oil And Natural Gas More Expensive For U.S. Customers’CRS: Tax changes outlined in the President’s budget proposal “would make oil and natural gas more expensive for U.S. consumers and likely increase foreign dependence.” (“Oil And Natural Gas Industry Tax Issues In The FY2012 Budget Proposal,” Congressional Research Service, 3/3/11)

Senate Democrats Rejected A Similar Tax Hike In February“A week ago the senate voted 54-44 to reject raising taxes … Seven Democrats, including Mary Landrieu of Louisiana and Mark Begich of Alaska, opposed that tax plan.” (“Tax Breaks For Oil Targeted,” The Houston Chronicle, 2/9/11)

“Sen. Carl Levin (D-Mich.) offered another amendment to repeal the [1099] provision but paid for it by issuing new taxes on oil.” (“Senate Repeals Part Of Health Care Law,” Politico, 2/2/11)

BI-PARTISAN REJECTION OF ENERGY TAX HIKES: Sens. Begich, Bingaman, Conrad, Landrieu, Ben Nelson, Pryor, and Webb voted against the Levin amendment. (S.Amdt.28 To S.223, CQ Vote #7; Amendment Rejected 44-54: R 0-48; D 42-7; I 1-0, Begich, Bingaman, Conrad, Landrieu, Ben Nelson, Pryor, & Webb Voted Nay, 2/2/11)

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