GOP Sen. Marshall: Reconciliation Bill's Increased Tax on Oil Drilling Will Increase Gas Prices

On Monday's broadcast of Newsmax TV's "Spicer & Co.," Sen. Roger Marshall (R-KS) said that the increase in costs for fossil fuel production on public lands and waters through increased minimum royalties for oil and gas extraction on public lands and waters contained in the Inflation Reduction Act reconciliation bill passed by the Senate will "absolutely, without question," cause the price of gas to increase and predicted that the corporate tax increases contained in the bill will exacerbate inflation and kill jobs.