02.13.26

Hoeven, Barrasso Introduce the Pay Less at the Pump Act

WASHINGTON – 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 inflation, meaning higher tax burdens in future years.

“Repealing the ‘Superfund Tax’ will allow North Dakota’s energy producers to invest more in production, support good-paying jobs and help keep energy affordable for families across the country,” said Senator Hoeven. “This legislation repeals an unnecessary tax on American energy, lowers prices for consumers and ensures we fully unleash our country’s energy potential.”

“Together with the Trump administration, Republicans are working to restore American energy dominance and reverse the Biden administration’s climate policies that drove up energy prices,” Senator Barrasso said. “The Pay Less at the Pump Act builds on this success by repealing another out-of-touch energy tax that hurts Americans every time they go to fill up their gas tanks. This will lower prices at the pump for American families and make it easier for Wyoming’s energy producers to unleash energy production here at home.”

Additional cosponsors include Senators James Lankford (R-Okla.), Marsha Blackburn (R-Tenn.), John Cornyn (R-Texas), John Kennedy (R-La.), James Risch (R-Idaho), Cynthia Lummis (R-Wyo.), Tom Cotton (R-Ark.), and Mike Lee (R-Utah).

Full text of the legislation can be found here.

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