President Obama’s Higher Energy Tax Proposal Will Increase Energy Costs

Economy and Jobs Will Be Adversely Impacted

National Association of Manufacturers (NAM) President and CEO Jay Timmons issued this statement after President Obama’s remarks in the Rose Garden about increasing energy taxes:

“Sadly, President Obama embraced misguided policies again today that will increase gas prices. Higher energy taxes will never lower costs for American families and manufacturers. These tax increases put jobs at risk and discourage investment in our energy security, leaving future generations much further from our goal of energy independence.

The President’s policy of picking winners and losers spells trouble for all manufacturers. Manufacturers need all options on the table to ensure our energy security and competitiveness. While the President states support for an ‘all of the above’ energy strategy, manufacturers are dismayed by his actions that don’t reflect that approach, such as the rejection of the Keystone XL pipeline.”

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