WASHINGTON, Feb. 13 -- Sen. John Hoeven issued the following news release:
Senator John Hoeven joined Senator John Barrasso (R-Wyo.) and Representative Mike Carey (R-Ohio) in introducing bicameral legislation to lower energy prices for American families by repealing the $12 billion "Superfund Tax" on American energy production.
The Pay Less at the Pump Act will repeal the "Superfund Tax" on crude oil and imported petroleum products that was reinstated in the Democrats' 2022 reckless tax and spend bill. This tax leads to higher prices for families and businesses. When the long-expired tax was brought back, it was raised from its original 9.7 cents per barrel to a new rate of 16.4 cents per barrel. Additionally, the tax was indexed to infla...