WASHINGTON, D.C.—U.S. Representative John Rose (TN-6) spoke on the House Floor Wednesday about the harm a potential federal gas tax holiday could have on the nation’s infrastructure, while also having a minimal impact on household budgets.
The full speech, as prepared for delivery, is below:
Madam Speaker,
If you were on a drive through Middle Tennessee right now and needed to fill up, let’s say a 2015 Ford F-150, you’d pay about $120. A gas tax holiday would take fewer than five bucks off that bill.
Yet this is the latest band-aid solution being tossed around by the Biden Administration. President Biden has already depleted our strategic petroleum reserve to its lowest point in 35 years, weakening national security while doing little to nothing to lower gas prices.
While every dollar counts, saving only 5 dollars out of every 120 dollars from a gas tax holiday will not make much of a difference in our personal budgets, but it will have a crushing effect on our ability to pay for federal highways.
Instead of knee-capping our nation’s infrastructure, the president should immediately approve the more than 4,000 pending applications for drilling and end the freeze on oil and gas leases. Yet President Biden refuses.
The key to getting gas prices down is simple – reestablish the energy independence President Trump created. President Biden simply must do better.
You can watch the full speech here.
Original source can be found here.
