Rand Paul: Obama wants to 'punish' oil and gas industry

Sen. Rand Paul (R-Ky.) said President Obama wants to punish the oil industry to help clean energy sources that aren't creating jobs.

In an interview with CNN after Obama's State of the Union speech Tuesday night, Paul assailed the president for proposing a "smarter tax" on the fossil-fuel industry.

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Obama touted the nation's oil production boom within the first minute of the speech and throughout, boasting that U.S. crude production surpassed imports for the first time in nearly 20 years in 2013.

Building upon progress in the renewable energy sector, Obama stressed the need for "a smarter tax policy that stops giving $4 billion a year to fossil fuel industries that don't need it, so that w can invest more in fuels of the future that do."

Paul disagreed.

"You have to be thinking about where is the job creation right now, it's in the oil and gas industry," Paul said. "So one hand he brags about it, on the other hand he says I'm going to punish them for their success."