Hoeven Statement on Biden Administration Finalizing Natural Gas Tax

Hoeven Statement on Biden Administration Finalizing Natural Gas Tax

WASHINGTON - Senator John Hoeven, a member of the Senate Energy and Natural Resources Committee, today issued the following statement after the Biden administration finalized a rule implementing the Natural Gas Tax, which was passed as part of Democrats' reckless tax-and-spend legislation in 2021. This comes in addition to costly technology mandates imposed on oil and natural gas producers by the administration last year. Accordingly, Hoeven:

• Has been working to prevent the implementation of costly taxes and regulations like these, part of his broader efforts to restore U.S. energy dominance.
  • The senator intends to lead a Congressional Review Act (CRA) resolution to overturn the Biden administration's Natural Gas Tax rule.
  • Hoeven is also cosponsoring legislation sponsored by Senator Ted Cruz to repeal the provision.
• Will work with the incoming Trump administration and the new Congress to repeal the wide array of burdensome federal rules imposed by the Biden administration, in order to:
  • Improve access to taxpayer-owned energy resources.
  • Streamline the approval process for energy development and the construction of infrastructure needed to get energy to market.
  • Reduce the cost of production, fight inflation and bring down prices for American consumers.

"Finalizing the Natural Gas Tax is part of a last-minute effort by the Biden administration to continue imposing its radical environmentalist agenda. The American people clearly rejected this approach, which fueled inflation and increased the cost of goods and services across our economy," said Hoeven. "Instead, we will work to repeal costly policies like the Natural Gas Tax and empower the development of all of our abundant energy resources, including coal, oil and natural gas. That's how we can provide relief to American consumers and make the U.S. energy dominant once again."

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