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To urge the Administration of President Barack Obama | 1 |
to reconsider proposals to increase taxes on | 2 |
producers of coal, natural gas, and petroleum and | 3 |
instead commit to adopting policies that encourage | 4 |
domestic production of these important resources. | 5 |
WHEREAS, Coal, natural gas, and petroleum are vital to our | 6 |
national economy and comprise almost 70% of the energy used to | 7 |
produce electricity in the United States. In addition, fuel oil | 8 |
derived from petroleum and natural gas are the primary heating | 9 |
fuels used in many parts of the nation, including Ohio; and | 10 |
WHEREAS, Petroleum is used in a broad spectrum of products | 11 |
such as fuel for motor vehicles and aircraft, asphalt for roads, | 12 |
tars for roofing, and waxes for food wrapping. Petroleum is used | 13 |
as well in solvents for paints, cosmetics, and dry cleaning | 14 |
products and provides the building blocks for many plastics and | 15 |
foams; and | 16 |
WHEREAS, The Administration of President Barack Obama has | 17 |
proposed increasing taxes on producers of coal, natural gas, and | 18 |
petroleum in its latest budget proposal. Increasing taxes on these | 19 |
vital resources will hinder economic growth, cost consumers | 20 |
billions of additional dollars in heating fuel costs, result in | 21 |
increased prices for a myriad of other products, and hinder the | 22 |
domestic production of fossil fuels, thus increasing our reliance | 23 |
on foreign imports; and | 24 |
WHEREAS, The burden of additional costs to consumers will | 25 |
fall disproportionately on those citizens of the United States who | 26 |
are least able to afford them; and | 27 |
WHEREAS, The United States has abundant proven reserves of | 28 |
coal, natural gas, and petroleum, and increasing their production | 29 |
will benefit the nation's economy by lowering the cost of energy | 30 |
and reducing our reliance on foreign sources of fuel; now | 31 |
therefore be it | 32 |
RESOLVED, That we, the members of the 129th General Assembly | 33 |
of the State of Ohio, in adopting this resolution, strongly urge | 34 |
the Administration of President Barack Obama to reconsider | 35 |
proposals to increase taxes on producers of coal, natural gas, and | 36 |
petroleum and instead commit to adopting policies that encourage | 37 |
domestic production of these important resources; and be it | 38 |
further | 39 |
RESOLVED, That the Clerk of the House of Representatives | 40 |
transmit duly authenticated copies of this resolution to President | 41 |
Barack Obama, the Speaker and Clerk of the United States House of | 42 |
Representatives, the President Pro Tempore and Secretary of the | 43 |
United States Senate, the members of the Ohio Congressional | 44 |
delegation, and the news media of Ohio. | 45 |