“By taxing American energy production, they’re also outsourcing American jobs.

“So let me get this straight: Higher gas prices, fewer American jobs and more dependence on our foreign competitors at the expense of American energy?" asked McConnell. "That’s their plan?"

"No, thank you," he concluded.

McConnell then moved on to another subject. 

Democrats said Tuesday they plan to introduce a bill, authored by Sen. Robert MenendezRobert (Bob) MenendezOvernight Defense: Senate passes 0B defense bill | 3,000 US troops heading to Afghanistan | Two more Navy officials fired over ship collisions Poll finds little support for Menendez reelection Judge tells Menendez lawyer to 'shut up' MORE (D-N.J.), later this week that would raise about $20 billion in revenue by cutting tax breaks for big oil companies. Democrats said they would use the funds to pay down the nation's deficit.