The key to revenue growth is tax reform that closes loopholes and that is pro-growth. Then with a growing economy, that's where your revenue growth comes in, not from higher taxes.
John HoevenThe reality is that nearly 80 percent of the world's purchasing power lies outside the United States, and if we don't tap those markets, others will.
John HoevenThe irony of environmental opposition to the Keystone XL project is that stopping the pipeline to the U.S. will not stop production in the oil sands of Canada. Instead of coming to the United States, the oil will still be produced and shipped by rail or a pipeline similar to the Keystone XL to Canada's Pacific Coast.
John HoevenSince 2006, we have surpassed Alaska, Oklahoma, Louisiana, and California in oil production to become the second largest oil-producing state in the nation, trailing only Texas. In 2012, North Dakota produced more than 245 million barrels of oil and provided nearly 11 percent of all U.S. output.
John Hoeven