GOP leaders unleash on Janet Yellen over $110B energy tax hike

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FIRST ON FOX: A group of 24 Senate Republicans are blasting the Biden administration for pursuing a $110 billion tax hike on American fossil fuel producers.

FIRST ON FOX: A group of 24 Senate Republicans are calling out the Biden administration for 'weaponizing' the tax code to stifle domestic energy production in the president's proposed 2025 budget. In a letter Thursday to Treasury Secretary Janet Yellen, the GOP lawmakers — led by Sen. John Barrasso, R-Wyo. — highlighted the more than $110 billion in tax hikes targeting domestic production of oil, gas and coal proposed in the budget.

' 130+ HOUSE, SENATE REPUBLICANS JOIN FORCES IN OPPOSITION OF BIDEN'S UPCOMING EV MANDATE 'This market distortion is detrimental to long-term energy security and is also inconsistent with the administration's policy of supporting a clean energy economy, reducing our reliance on oil and reducing greenhouse gas emissions,' the Treasury Department added.

 

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