Political Stuff (Gas)
I don't really like making political posts. Not that I don't have the interest or the knowledge, but I think that others can say it or do it better than I can.
So, why is the government looking to lay a tax on the oil companies? Does this make any sense? Who do you think is going to pay for that tax, the corporations? I doubt it. It will be sold off to the consumer, which will end up raising the gas prices. The government in action, gotta love it.
I heard an argument on talk radio yesterday. The gist of which, was to have the government repeal the existing tax on gas, which in California is $0.504 per gallon (for both federal and state taxes).
See Kent's thoughts on this topic here.
So, why is the government looking to lay a tax on the oil companies? Does this make any sense? Who do you think is going to pay for that tax, the corporations? I doubt it. It will be sold off to the consumer, which will end up raising the gas prices. The government in action, gotta love it.
I heard an argument on talk radio yesterday. The gist of which, was to have the government repeal the existing tax on gas, which in California is $0.504 per gallon (for both federal and state taxes).
See Kent's thoughts on this topic here.
posted by Earth Rooster @ 16:36
1 Comments:
At 30 April, 2006 22:17 ,
Kent said...
It's called a 'windfall profits tax,' and Jimmy Carter did it in the late 1970's, which resulted in those long gas lines.
Congress would be foolish to do it again.
P.S. That Kent guy is a genius.
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