tv Democratic Weekly Address CSPAN May 26, 2018 6:25pm-6:31pm EDT
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kotchet. wednesday at 8 p.m. eastern, hillary clinton, rex tillerson, things matches, and canadian prime minister, justin trudeau. thursday at 8 p.m. eastern, tim cook, john kasich, kate brown, and congressman luis gutierrez. devos,immy carter, betsy mark meadows, and keisha lance bottoms. this is on the free c-span radio app and c-span.org. >> this week, the white house did not release the president weekly address. the senator of massachusetts, discusses gas prices. hello, i'm ed markey of
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massachusetts and as we head into memorial day weekend, american families are facing gas prices that are up nearly 25% since president donald trump took office. that means that american consumers are paying 300 and $50 -- $350 more per year to fill up their gas tanks since president trump took office. of the a result misguided policies of president trump and the republicans in congress. president trump's incoherent foreign policy is contributing to rising oil prices by heightening tensions in the middle east and other hotspots around the world. president trump's decision to withdraw the united states from the i run dale -- iran deal is causing this. because of these actions, gas prices could keep going further up this summer as the american family pays the price for this trump, oil risk tax.
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for the poorest americans, this oil risk tax will completely wipe out any tax benefits from the recently passed gop tax plan. the lowest 40% of earners are projected to get roughly $200 this year from the gop tax plan, but that is going to be dwarfed more that they will be paying for gas things to those policies. donald trump loves having his name on things, towers, stakes, namersities, and now his is associated with higher gas prices for all american families. is going toonsumer get tipped upside down at the pump, big oil is going to benefit from $25 billion in tax cuts this year alone from the tax plan. $7 billiontop of the
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or $8 billion per year that they already get in free drilling loopholes and tax breaks. how is the oil company spending this gop relief? their own buying back stock, pumping up their own profits, rather than helping consumers at the pump. exporting u.s. oil is only a further giveaway to big oil which is projected to earn $500 billion in new revenue over the next 20 years. that is because they can charge more for their oil overseas than they can charge here in the united states. here,d of keeping our oil to benefit american families and security, weergy are sending it overseas to benefit foreign nations like china. 2.5 millionxporting barrels a day of american crude oil. even while we still import that
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exact same amount from opec and the middle east that makes no sense. exports,e to these opec, russia, and other nations colluding to sibley cut their production by an equal amount to keep their prices high. but, president trump is doing nothing to hold opec and the others accountable. southern democrats are calling on him to immediately begin negotiations with this to put an end to the manipulation of oil markets that is harming american consumers. finally, on behalf of big oil and big auto, the administration wants to roll back our his store fuel emission standards. these are projected to save american consumers more than one toy in dollars and -- more than
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$1 trillion and reduce our impact on foreign oil. once tot trump undermine this money-saving program for american families and reverse this. the policies that he and republicans are pursuing are putting big oil, opec, russia and china first and the american consumer last. it is time what to end. thank you for this opportunity to speak to you and god bless america. c-span where history unfolds daily. in 1979 c-span was created as a public service by america's table -- cable companies. we continue to bring you unfiltered congress -- of congress. the white house, supreme court and public policy and around the country.
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