Posted on 02/09/2016 12:27:48 PM PST by reaganaut1
No excerpt from Bloomberg allowed, story here.
The oil producing states ought to shut down every pipeline out of their states. They are going broke since that creep supports Iran’s oil industry over our own, so they should not be the only ones suffering.
I called it, our great republican “leaders” would end up raising the proposed tax.....
Baraq and company screwed this one up bigtime.
If they proposed this as a $25/bbl tax, congress would have passed $10/bbl and everyone would breath a sigh of relief.
You can tell Axlegrease is no longer around.
I would counter-propose a $5/barrel tariff on all imported oil.
We need a special surtax of 45% on all political pensions until the budget is balanced.
Even if Mexico doesn’t pay for it, contrast that $8billion against the cost of government benefits for illegals. Just today, we read the story about $750 million paid in illegal Obamacare benefits to illegals. Add food, education, medical, Obamaphones, subsidized housing, incarceration, etc.
A bargain! $8 billion is an absolute bargain!
Oops, (embarrassed sigh), this was posted on the wrong thread!!! I thought I was responding to the cost of the border wall . . . (rant continues) which is still a bargain at $8 billion!!!!!!!
Obama’s Budget will end up as Toilet Paper just like the rest of them
Ummm, no.
Such a tax would be passed on to heating oil as well.
I would not put it past Republicans to get right on board at the end of the day.
Building roads a bridges and infrastructure projects should be much cheaper right now with the decrease in the cost of oil.
When you increase the price of oil through this tax then all these other things become more expensive again. Even food increases in price. What you end up with is a giant circle Jerk with Uncle Sam Stealing there cut directly from the American consumer. And the consumer getting nothing but poorer.
Or is it like SS already been stolen by Congress
There was a tax to pay for the Spanish American War that still on the books surly we paid for it by now
That tax collected has gone the way of the Social Security lockbox.
The movie ‘Mars Attacks’ showed a fitting treatment of our pitiful Congress.
The proposed tax is on crude. Heating oil comes from crude, so the tax will be factored into the price. It will be added in to all products that come from a barrel of crude oil. Propane, Gasoline, Jet fuel and heating oil.
It is just another tax on our economy.
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