There's an Update on Security for Biden's Gaza Port and a New 'Peacekeeping...
Biden Blows Off Respects for Murdered New York City Police Officer
New York City Councilwoman Gets Ratioed Into Oblivion Over One Question
CNBC: Voters Want Trump to Combat Runaway Inflation
‘No Tampons, No Peace!’: Panic at Vanderbilt University Sit-In As Protestors Realize It...
DNC Holds 'Emergency Call' As Dems Panic Over RFK Jr.'s VP Pick
Comer Urges Joe Biden to Testify As Part of Impeachment Inquiry
A Massive Government Assisted Caravan Is Heading Through Mexico
Americans React to Biden Skipping Out on Slain NYPD Officer's Wake and Instead...
How Does RFK Jr. Affect This Presidential Race?
Judge In Hunter Biden's Tax Fraud Case Doesn't Buy Attorney's Claims
New Poll Shows How Hispanic Voters Feel About Biden Describing Laken Riley's Alleged...
Who Will Replace Mike Gallagher? Poll Shows It's Pro-Trump Alex Bruesewitz’s 'Race to...
Flashback: Two Cycles After Running on Gore's Ticket, Lieberman Endorses McCain at GOP...
Here's When Impeachment Articles Against Mayorkas Will Be Presented to the Senate
Tipsheet

There’s a Massive Gas Tax in Biden’s Spending Bill

AP Photo/Charlie Riedel

President Joe Biden is desperately trying to get his multi-trillion dollar spending package passed on Capitol Hill before Christmas, but according to the Wall Street Journal, Build Back Better includes a significant tax on natural gas. 

Advertisement

"It could be a rough winter for energy prices across the U.S., and the Democratic spending plan will make it worse. The House passed what it calls a 'fee' on methane that amounts to a stealth tax on natural gas and everyone who uses it," the Editorial Board writes. "The bill slaps an escalating tax on methane emissions by oil and gas producers that will reach $1,500 per ton by 2025. The fee is meant to be President Biden’s contribution to the recent Glasgow vow to reduce global methane emissions 30% by 2030. The tax is estimated to raise $8 billion over 10 years."

"Producers will naturally pass the cost of the tax along to customers. Some 180 million Americans use natural gas to heat homes and run appliances, while some 5.5 million businesses use it to run their workplaces and manufacturing facilities," they continue. 

As I wrote in my VIP column last week, the pain of Biden's energy plan is the point. The administration is punishing Americans for using traditional energy sources in order to transition the country to a Green New Deal utopia of wind and solar. 

Advertisement

Meanwhile, the Congressional Budget Office has scored the bill and shows it will add $3 trillion to the deficit. 

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement