Raising oil taxesPosted By david elosser |
It never amazes me how Congress's first and often only solution to any problem is to raise taxes, as if raising taxes ever solved any problem. Now, the quadruple tax increase on a barrel of oil to from 8 cents to 32 cents would mean no real impact at the pump: thousands of products are made from one barrel of oil that the money would be dispersed into. But does anyone really think that money would go into a "trust fund" just like, say, Social Security? That trust fund worked out really well, didn't it? Obama and his administration has been pounding the tables shouting that BP will pay for any and all damages as a result of the oil spill. Well, okay, but if they are going to pay for it just why do we need any tax for that purpose anyway? If you need any proof this money is just for a slush fund: "The U.S. Chamber of Commerce said the tax increase was hastily put together, without adequate study, to help pay for an unrelated bill. The tax increase was unveiled Thursday, without any congressional hearings to study its impact."
http://www.breitbart.com/article.php?id=D9FTDV7O1&show_article=1
David E
http://www.breitbart.com/article.php?id=D9FTDV7O1&show_article=1
David E