Higher Energy Taxes Threaten Manufacturers with Increased Costs and Lower Supply

Manufacturers Support “All of the Above” Energy Policy

National Association of Manufacturers (NAM) Senior Vice President for Policy and Government Relations Aric Newhouse issued the following statement in opposition to S. 2204, legislation that would raise energy taxes by more than $35 billion:

“Unfortunately, the Senate is again considering the wrong solution to an important question. Instead of answering the question on the minds of manufacturers and their employees – what are the commonsense solutions to our nation’s energy needs? – the Senate is considering legislation to raise energy costs and make manufacturing much less competitive internationally.

As consumers of one-third of our nation’s energy, manufacturers have long supported an “all of the above” energy policy. The path to improved energy security is to increase production of all types of energy, not pick winners and losers through billions in new taxes against domestic energy producers. While manufacturers support many of the energy tax incentives in the proposal, its negatives far outweigh these positives.”

You can read the NAM’s Key Vote letter here.

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