The Biden administration issued its latest veto threat Monday, this one targeting a GOP-led bill aimed at energy costs that the House is expected to take up this week.
The bill, dubbed “The Lower Energy Costs Act,” includes changes to the energy permitting process and boosts domestic energy production, according to the GOP-led House Committee on Transportation and Infrastructure. But the White House argues it will “raise costs” for consumers and that the bill “would take us backward.”
“This Administration is making unprecedented progress in protecting America’s energy security and reducing energy costs for Americans – in their homes and at the pump. H.R. 1 would do just the opposite, replacing pro-consumer policies with a thinly veiled license to pollute. It would raise costs for American families by repealing household energy rebates and rolling back historic investments to increase access to cost-lowering clean energy technologies,” the Office of Management and Budget said in a statement of administration policy Monday.
It continued, “Instead of protecting American consumers, it would pad oil and gas company profits – already at record levels – and undercut our public health and environment. The Administration strongly opposes this bill.”
The statement went on to highlight the administration’s “dramatic progress” toward reducing energy costs and securing supply chains, noting that “both oil and natural gas production in the United States are projected to reach record highs this year.”
It continued, “If presented to the President in its current form, he would veto it.”
The energy package is a top priority for House Republicans and was introduced by House Majority Leader Steve Scalise of Louisiana, along with Energy and Commerce Committee Chairwoman Cathy McMorris Rodgers of Washington, Natural…
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