Oh you think that is something. Just remember that over half the price of gas is taxes.
We need a fuel tax cut.
On the other hand, what is the budget of the federal Department of Education, which is a massively oversized bureaucracy that probably does more harm than good to this country? I'll bet the annual budget is well over Exxon's $10.7 billion profit for the quarter. Let's shut down 80% of the activites at the federal DOE and return that to the American people as a tax cut. Then eliminate all the useless activity at HHS and return part of its budget to the people. Federal budget cutting could help the American people a lot, while increased taxation of oil company profits is inherently destructive and could easily lead to an oil shortage and $4 gasoline later in this decade. When you look at federal budget cutting, you find five billion here and five billion there and before long it adds up to real money.