AFPM Responds to President Obama's Remarks on Carbon Tax

Nov 15, 2012, 10:39 ET from American Fuel & Petrochemical Manufacturers

WASHINGTON, Nov. 15, 2012 /PRNewswire-USNewswire/ -- The American Fuel & Petrochemical Manufacturers (AFPM) President Charles T. Drevna responded to remarks made by President Barack Obama that indicated he would not support a carbon tax:


"I applaud the President for recognizing that now is not the time for a new, regressive carbon tax that will hamper the nation's ability to get the economy back on track. As the Congressional Budget Office recently noted, such a tax would hit low-income Americans the hardest.

"While Congress and the administration look for ways to avert the year-end fiscal cliff, I encourage them to consider taking steps to stop the impending, back door energy taxes Americans will soon experience as the result of the Environmental Protection Agency's all cost, little-to-no-benefit regulatory onslaught. Among the initiatives the Agency is advancing are greenhouse gas regulations that will be very costly to every American consumer, but, by the administration's own admission, will do little to nothing to reduce global concentrations of greenhouse gases."

AFPM, the American Fuel & Petrochemical Manufacturers (formerly known as NPRA, the National Petrochemical & Refiners Association) is a trade association representing high-tech American manufacturers of virtually the entire U.S. supply of gasoline, diesel, jet fuel, other fuels and home heating oil, as well as the petrochemicals used as building blocks for thousands of vital products in daily life. AFPM members make modern life possible and keep America moving and growing as they meet the needs of our nation and local communities, strengthen economic and national security, and support 2 million American jobs.

SOURCE American Fuel & Petrochemical Manufacturers