Texas Leaders Stand Up to Biden Natural Gas Tax

Texas Leaders Stand Up to Biden Natural Gas Tax

May 29, 2024

As the cost of living continues to increase, Power The Future is impressed with the strong work of Senator Ted Cruz (R-Texas) and Congressman Rep. August Pfluger (R-Texas) to repeal key measures of President Joe Biden’s Inflation Reduction Act (IRA) involving natural gas. In President Biden’s bill, the Environmental Protection Agency (EPA) would have the ability to impose fines and regulations on companies associated with the release of methane gases. 

The Daily Caller reports,

“The EPA proposal also dovetails with a December 2023 EPA proposal to impose methane detection requirements, which independent oil and gas producers oppose because the additional compliance costs figure to disadvantage them relative to the major firms. “President Biden’s tax on natural gas production does nothing but make it harder to produce American-made energy while driving up costs. Congress must take action to repeal this looming regulatory disaster,” Texas Rep. August Pfluger, who authored the House equivalent of Cruz’s bill, said in a statement shared with the DCNF. “The House has already passed my legislation to repeal the tax, and I am proud to work alongside Senator Cruz to get it to the President’s desk. Energy security is national security.”’

Speaking of Senator Cruz’s proposal to Amend President Biden’s Inflation Reduction Act (IRA), founder and executive for Power the Future Daniel Turner said, 

“Raising costs during a time of massive inflation would be defined as insanity almost anywhere, but it’s business as usual for President Biden. We are grateful to see Senator Cruz standing up for working families by trying to free them from Joe Biden’s ever-increasing climate costs. Senator Cruz’s bill deserves to be heard and passed immediately before American’s get stuck with higher prices to heat their home this winter.” 

This proposed legislation seeks to reverse the nearly 30% inflation in electricity pricing nationwide since the beginning of the Biden presidency. Meanwhile, natural gas makes up about 33 percent of all energy consumed in the United States and is used by millions for electricity generation and home heating. We applaud lawmakers who stand up to the Biden administration and fight for American energy independence.