Hastings: Republican Budget Prioritizes American Energy to Create New Jobs and Increase Revenues
WASHINGTON, D.C., April 1, 2014 | Committee Press Office (202-225-2761)
House Natural Resources Committee Chairman Doc Hastings (WA-04) released the following statement praising the Republican budget released today by House Budget Committee Chairman Paul Ryan:
“The Republican budget is a responsible plan to cut spending, lower the debt, and ensure long-term job and economic growth. It prioritizes expanded American energy production and recognizes that new energy development is one of the best ways to raise new revenue, put Americans back to work, bolster the economy, lower gasoline prices, and create good-paying jobs. Onshore and offshore U.S. energy production on our federal lands currently accounts for the second largest source of revenue to the U.S. Treasury. Yet the full potential of our energy resources will never be realized if the Obama Administration continues to block new leases sales and impose unnecessary bureaucratic regulations and costly red-tape. Now more than ever, President Obama and Senate Democrats need to get serious about reducing wasteful spending and, like House Republicans, put forward a balanced budget that does not punish American families and businesses with tax increases, high energy costs, continually disappointing job growth and burdensome government regulations.”
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