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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. ....