• The bill imposes a regressive tax on American oil and gas development.
• The tax will drive up the cost of household energy bills. The Congressional Budget Office estimates the natural gas tax will increase taxes by $6.5 billion.
• The tax hike violates President Biden’s tax pledge to any American making less than $400,000 per year.
• Biden administration officials have repeatedly admitted taxes that raise consumer energy prices are in violation of President Biden’s $400,000 tax pledge.

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