Tag Archives: BP

Congress Considering New Taxes that Would Hurt U.S. Economy

The BP oil spill in the Gulf sent shockwaves across America. Now, a recently-imposed moratorium on U.S. deepwater drilling has doubled the shockwaves through America’s energy industry. Jobs have been cut, rigs have been tasked to new international assignments and economic activity in Gulf communities has diminished. But currently lurking in the chambers of Congress hides a new threat to America’s economic and energy security — one that will be even more damaging and longer lasting: new energy taxes.

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