House Republicans hold roundtable on energy tax hikes under Democrats’ reconciliation plan

Politics

People walk by the U.S. Capitol in Washington, Tuesday, Oct. 19, 2021. A centerpiece of President Joe Biden’s climate change strategy all but dashed, lawmakers are heading Tuesday to the White House as Democrats search for for common ground on ways to narrow and reshape his sweeping $3.5 trillion budget plan. (AP Photo/Andrew Harnik)

WASHINGTON, D.C. (KGET) — Republican Whip Steve Scalese (LA-01) led a roundtable discussion about the “Heat Your Home” tax, or the methane/natural gas tax and the Clean Electricity Performance plan that Democrats are currently trying to pass in their Reconciliation Bill.

The roundtable series was launched by Rep. Kevin McCarthy but Republican leaders are taking turns leading the discussion, according to one of McCarthy’s spokespeople.

House Democrats aim to use this tax to offset up to $3.5 trillion in spending on the social safety net and climate policies. The proposal includes a top corporate tax rate of 26.5 percent and top individual tax rate of 39.6 percent, according to a summary from the House Ways and Means Committee.

“As we look at another cold winter, imagine if you’re going to be paying over $240 a month or more in your electricity bills if President Biden gets his way,” Scalese said.

Those involved in Tuesday’s roundtable were all involved in authoring a plan to increase oil production in the U.S. again and resume exporting it to other countries, Scalese said.

Scalese said the “Heat Your Home” tax would impact lower income families the most.

“We all heard President Biden say, don’t worry, if your income is less than $400,000 your taxes won’t go up,” Scalese said. “The bad news is, that promise gets broken with the ‘Heat Your Home’ taxes that President Biden is trying to impose on families.”

Rep. Nicole Malliotakis (NY-11) said the plan would cost taxpayers more than $95 billion.

“Under President Biden’s plans, the United States need have to build and operate over 3,600 offshore wind turbines alone to power New York City,” Malliotakis said.

Other attendees agreed that it would cost taxpayers too much in multiple ways.

“If you are an unemployed pipeline worker in western North Dakota right now, and you are getting a $200 increase before they ever pass the bill and then add another 15 percent on top of that, you’re going to be pretty angry, and pretty frustrated, and rightfully so,” said Rep. Kelly Armstrong (ND-AL).

The other members of the discussion included Rep. Bill Johnson (OH-06), Rep. Carol Miller (WV-03), Rep. Debbie Lesko (AZ-08), Anne Bradbury, CEO of the American Exploration & Production Council (AXPC), Claudette Duff, president and CEO at Integrity Senior Services, Kristen Granier, senior director at American Gas Association and Jim Wilkes, president, director, and co-owner of Texland Petroleum, L.P.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest News

More Local News