significantly. >> raising our taxes will not reduce the price of gasoline. >> reporter: but to balance the budget, democrats want big taxes to pay more. >> you have massive debts and massive profits. >> reporter: the red ink is rising fast. they say the high taxes will hurt. >> they hurt by racing their taxes will generate far less government revenue than if we were allowed to compete and reduce our nation's own resources. >> reporter: democrats went after conco for a news release calls high taxes un-american. >> simply beyond the pale. are you willing to apologize for whatever comes down? >> the tax proposal under consideration. >> reporter: orrin hatch went off democrats. >> gas prices are too expensive. i've got it. let's raise taxes. >> reporter: he called the whole hearing a dog and pony show.