Texas Railroad Commissioner: $700 billion bill hikes taxes, kills jobs, makes energy more expensive

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.”