“Increased energy costs will result in layoffs and higher prices”

WASHINGTON DC – Today, the House of Representatives approved a formal resolution in response to the President’s proposed tax increase on oil and energy production.  U.S. Representative Will Hurd, whose district covers portions of both the Eagle Ford Shale and the Permian Basin, told the Obama Administration “no” to tax hikes for the energy sector during an economic downturn that has already costs Texans tens of thousands of jobs.   

“These proposed tax increases would be devastating to our local economy. Increased costs for energy producers would result in additional layoffs and higher consumer prices for the hardworking people in the 23rd Congressional District of Texas,” said Hurd. “During a time when many Americans families and small business owners are worried about feeding their families, it is not the time to pile on extra costs.” 

Last year, the House passed a legislation to lift the national ban on crude oil export, an effort spearheaded by Hurd and Congressman Henry Cuellar, as well as passing the Protecting Americans from Taxes Hikes Act.

“The implementation of these taxes will undermine Congress’ efforts and will ultimately be felt in the pockets of hard working Texans and Americans. This administration needs to stop limiting our energy capabilities and start maximizing our energy potential,” said Hurd. 

A former undercover CIA officer, entrepreneur and cybersecurity expert, Will Hurd is the U.S. Representative for the 23rd Congressional District of Texas. In Washington, he serves as Vice Chair of the Maritime and Border Security Subcommittee on the Committee for Homeland Security, and as the Chairman of the Information Technology Subcommittee on the Oversight and Government Reform Committee.