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Oil companies are “greedy” for using their resources in pursuit of profits, rather than as Proposition 87’s backers wish...Don't know much about prop 87, but saw a clip today of Robert Redford pontificating about how great it will be when the prop passes and big oil companies have to fork over some of their outlandish profits for his pet alternative energy schemes - would have been enough to get me to vote against it......

Clinton Says Raise Taxes on Oil

Former President Bill Clinton says that taxes hikes on oil will reduce dependence on energy. Clinton threw his support behind Proposition 87, which calls for raising taxes on oil to encourage conservation and fund government research on alternate fuels.

"High oil prices are the key to saving the planet,” Clinton told a cheering crowd at the campus. “It will encourage people to forego foolish travel. There is no need for the average person to be driving wherever and whenever he pleases. There is no need for these people to be jetting around the country for frivolous reasons. Oil needs to be conserved for important purposes—like my trip to join you here tonight for this rally.”

Proposition 87 has drawn criticism from opponents who claim that raising taxes on oil produced in California would discourage production and make the state more dependent on foreign oil. The California Taxpayers Association (CTA) and several public safety groups are opposing the proposition.

“A couple of months ago these Democrats were saying high prices were wrecking the economy and that it was Bush’s fault,” said Tom Swift, spokesman for the CTA. “Now they’re saying high prices are a good thing? It makes no sense.”

Clinton explained the apparent inconsistency. “Bush’s high prices weren’t the result of higher taxes,” Clinton pointed out. “The money was all flowing to the private sector where all it would do is encourage companies to supply more fuel. This would just perpetuate wasteful travel. Prop 87 extracts the money from consumers and funnels it into projects selected by the government. There would be no risk of inducing increased supplies of gasoline that would undermine the conservation objective.”

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http://www.azconservative.org/Semmens1.htm

Mr. Galles assumes leftists have logic or reason in mind when they come up with tax increase schemes. They do not. For them its about power and secondly about retribution against their enemies. Its not about discouraging oil consumption or encouraging alternative fuel R&D. That would be giving them too much credit. Vote NO on Proposition 87!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus