All of the Above: Bring Down Gas Prices
Gas prices are too high. The increase in prices at the pump is up 9 percent over the past month, to a national average of $3.73 a gallon. I am afraid a gallon of gas this summer might get up to five dollars.
This is why we need the Keystone pipeline – more energy and jobs. The construction and manufacturing of the more than 1,600-mile-long pipeline would create an estimated 20,000 new jobs. Local businesses along the pipeline route would benefit from an estimated 118,000 spin-off jobs. Benefits would flow to our economy from the reliable, affordable energy that would be brought from our neighbor to the north.
Moving oil from the Midwest to the state-of-the-art refineries on the Gulf Coast will modernize our infrastructure, create jobs, and encourage American energy production. High gas prices affect us all. I will do everything I can to help put Americans back to work and help them save money at the pump.
On another note, next week the House of Representatives is taking up the JOBS (Jumpstart Our Business Startups) Act which is my bill H.R. 3606 and serves as the base bill. The JOBS Act is a bipartisan legislative package designed to jumpstart our economy and restore opportunities for America's primary job creators: our small businesses, startups, and entrepreneurs.
On average, 92 percent of a company’s job growth occurs after an IPO. It is imperative we reduce regulations to help these small companies create private jobs for Americans.
Click on the picture to watch my speech.