It will also promote the domestic oil production industry, help balance the federal budget and reduce the trade deficit. So for those reasons I am in favor of an oil import tariff. It would be a GREAT thing.
Maybe offsetting income tax reduction would be a good thing too.
Sanders wants to ban fracking, the reason we are now energy independent and a net exporter of hydrocarbons.
Then, he is going to tax incoming oil so the gov’t makes more of a profit than any private enterprise.
Sanders is in the pocket of OPEC.
Where do simply you see an oil import tariff in "making the fossil fuel industry pay for their pollution?” Socialist Sanders means to punish the energy sector, defense, Wall Street, and capitalists in general in order to foster indolence and dependence upon the State, which will enforce PC conformity.
Any way you cut it, to paraphrase, one cannot cut from the top of the blanket and expect the bottom of the blanket to grow; the blanket will only get shorter.
His numbers do NOT add up. If one really wants to improve this countries balance of trade, we should export every communist, socialist and democrat here to Venezuela, Cuba, China, France, Sweden, and North Korea.
We should then invite anyone who wants to work for a living. Our GDP would shoot up 40% the first year!
What makes you think he is talking about a tariff? Even less so since we are importing so much less now.
They’re talking about a tax on purchasers, since they want us to stop using energy.
No because Sanders spending plans top $65 trillion while his “schemes” to pay for it total $3 trillion leaving him 62 trillion short. That also is based on their overtly optimistic numbers that their crash the US economy spending plan would not also significantly reduce what they actually manage to take in in new taxes
We import very little oil, mostly it’s to offset sales of Alaskan to Japan (cheaper to transport it to Japan than into US ports).
Go back to DU.