AFPM Criticizes President Obama's Proposed Energy Tax Increases

WASHINGTON, Feb. 23, 2012 /PRNewswire-USNewswire/ -- American Fuel & Petrochemical Manufacturers President Charles T. Drevna issued the following statement in response to President Obama's energy speech in Florida today:

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"The American Fuel & Petrochemical Manufacturers support a balanced approach to meeting our nation's energy needs. Eliminating tax deductions that every other American manufacturer receives and supporting tax hikes on energy that Americans use every day in order to subsidize other forms of energy that can't compete on their own in a free market is not the right approach.

"President Obama is once again seeking discriminatory energy tax increases that will hurt American consumers and endanger manufacturing jobs of American workers. Instead of trying to slow our economy down with more taxes and higher unemployment, the president should approve the Keystone XL pipeline to immediately create 20,000 American jobs and provide the American people with a sure and steady supply of oil to serve them for generations."

About AFPM
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