Posted on 06/10/2016 7:43:25 AM PDT by rktman
The Obama administration has proposed a $10.25 tax on the production of crude oil. While not yet formally introduced as legislation, the tax would be positioned as a “tax on big oil,” and opposition to it could be portrayed as “defending big oil.”
Of course, that is nonsense on a stick. As an added cost, it would be passed on to consumers at the gas pump, or heating oil truck, not to mention adding to the costs of everything made of feedstock, from Saran Wrap to spatulas.
(Excerpt) Read more at americanthinker.com ...
Of course, this would be unaffordable for the “poor” people, so a subsidy system will have to be created, so that they are not adversely affected by the price increases.
Obama has a pen and a phone! Just sign the increase tax dictate and make the peasants pay!
Hey Obama.
Suck it.
You got no power any more.
Well since a lot of Senior Citizens didn’t get a COLA raise this past year because gasoline prices were to low, this is some great news, they might get over 3 years of no raises this time...
Got ya Barky!!!
POS
I guess if the FED won’t crash the economy with interest rates, he will with taxes and fees.
Excellent point. Another set of regulations; another bureaucracy; another spending item; and another political payoff to buy votes.
So munch much is the middle east offering this muslim and Hillary? Check for foreign donations into the Clinton Foundation.
Maybe Ostalin could just issue an Executive Order. Rysling and McCorruption won’t do anything about it.
‘Rats =Tax and Spend. Surprise, surprise ...
Wouldn’t a Penny a sheet TAX on Legal Size Paper bring in more Money while sticking it to LAWYERS??
Libtards! You can never make it as fast as they come up with ways to spend it.
Well, I have been wanting to trade my hunting truck up for a while now. Has to be a F250 or F350 to tow the trailer, diesel and 4 wd. MPG is not a great big deal, and a few year old used one is just the ticket. Crew cab for all of us to fit.
Looks like some Looks like some contractors are going be having some heavy duty diesel pickups come on the market soon.
Obama is going to drive small businessmen bankrupt. Locally we were starting to see some signs of recovery but a bunch new taxes will put a damper on that.
Two boobs on a cow ...
Expect him to inflict as much pain against half of his own kind leading up to his deportation...
Kill coal-nearly complete
Kill gas-in works
Kill oil-in works
Anything he can do to quash whatever economic recovery we managed to do in spite of 0bozo’s economic recovery plan.
Liberals proposing new and bigger taxes isnt news. What will the Congress do with this proposal? Thats the big news. After a mild slap down by the media will they cave as usual or stand their ground?
All money rightfully belongs to government, right Barry?
How else are we going to pay for your golf junkets?
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