Central ND News

U.S. Senator Kevin Cramer (R-ND) and U.S. Senator John Barrasso (R-WY) have raised concerns over the Biden administration's approach to American energy production. In a letter addressed to Secretary of the Treasury Janet Yellen, the senators expressed dismay at the administration's proposed tax hikes on oil, gas, and coal production.

The senators highlighted the potential negative impact of these tax increases on domestic energy producers and the economy at large. They emphasized the importance of American energy resources in providing stability and security, both domestically and globally. Senator Cramer and Senator Barrasso underlined the significance of American energy independence, particularly in light of global energy challenges.

According to the letter, the administration's stance on energy production could lead to job losses and higher energy prices for American consumers. The senators criticized the administration for overlooking the benefits of utilizing the nation's abundant natural resources and instead opting for policies that could harm the energy sector.

In their closing remarks, the senators stressed the importance of supporting American energy innovation and production, calling for a focus on leveraging the country's energy resources to strengthen economic and geopolitical advantages. They warned that the proposed tax measures, combined with regulatory burdens, could jeopardize energy security and affordability for American families.

The letter to Secretary Yellen was cosigned by a group of U.S. Senators including Mike Crapo, John Thune, John Cornyn, and others, who echoed the concerns raised by Senator Cramer and Senator Barrasso regarding the administration's approach to American energy production.