WASHINGTON, D.C. — In response to reports on President Biden's planned announcement this afternoon, U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley issued the following statement:
"Experience proves that adding new taxes to punish companies actually hurts consumers. In this case, it will raise gasoline prices by removing the incentive to produce and refine more oil. To lower our energy costs we need a long-term energy strategy focused on boosting production, not finger-pointing."
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