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Natural Gas Vehicles Shouldn't Be Penalized in the Tax Code

Floor Speech

Date: June 23, 2015
Location: Washington, DC
Issues: Transportation Oil and Gas Taxes

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Mr. YOUNG of Indiana. Mr. Speaker, I rise today to discuss the importance of a simple modification to our Tax Code that will greatly support the consumer-driven growth of natural gas in the transportation sector.

Today's abundant and domestically produced natural gas is an increasingly important fuel to our transportation sector, from small passenger vehicles in my home State of Indiana, to container ships that transport goods from America's heartland to overseas markets.

Now, our Tax Code is still taxing cars and trucks that run on natural gas at a higher rate than their diesel equivalent because the tax was instituted years ago when our energy picture looked vastly different. We need to correct this disparity. It is a simple fix and just one example of how Congress can create a more level playing field while diversifying our energy mix.

I urge my colleagues to work with me on this matter.

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