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Rep. Gerry Connolly (VA): Give $37 billion in tax loopholes for Big Oil back to American motorists

1 min. read

We strongly agree with Rep. Gerry Connolly (VA) on this:

I do not support...reckless efforts to allow unregulated oil drilling which endangers our coastal economies and national security. I will be introducing an amendment in the nature of a substitute to these oil drilling bills. My amendment would strike the anti-safety language and add a provision to repeal $37 billion in oil company tax loopholes and divide the savings equally among American citizens. Averaged among licensed drivers, my amendment would give $185 to each driver, the equivalent of reducing gas prices by 27 cents per gallon.

There are many positive steps we can take to promote energy independence and reduce the economic burden of high gas prices: Improve vehicle efficiency; boost production of renewable domestic energy; and end big oil tax breaks in order to help American consumers. We should be taking these positive steps instead of endangering our coastal economies with unregulated oil drilling, which would do nothing to affect gas prices.