Obama Budget Hits Oil, Gas Cos with New Fees, Taxes

Dow Jones Newswires ^ | Friday, February 27, 2009 | Siobhan Hughes and Ian Talley

[FBD]

Hello to higher energy prices.

Is anyone else getting tired of hearing this “deficit that we inherited” line?

They own the deficit now, and have every intention of increasing it.

[benjibrowder]

Let’s get at that one trillion dollar deficit we’ve inherited by running up the deficit three fold. That’s sure to work. Oh, and we’ll tax the hell out of gas companies, driving energy bills up threefold, all to gain a measly $5 billion dollars.

[FBD]

ping

[AGreatPer]

We knew this was coming.

Middle and low income people will take the hardest hit on this with rate increases. Of course, the MSM will not tell them.

[Drango]

I see $10 gas soon.

[tbpiper]

Is anyone else getting tired of hearing...

I couldn't stand to hear Bill Clinton's voice...but now it would be music by comparison. I hate the tone, rhythm, and the meaning of Obama's words.

[txnativegop]

Notice that the tax increases don’t come until after 2010 elections? If the economy recovers by then, these taxes will drive it right back down into the abyss again.

[cripplecreek]

And the hits just keep coming. New taxes on tobacco products hit on April first and I haven’t checked but it sounds like there may be new alcohol taxes too.

[HeartlandOfAmerica]

Ya gotta give O and his lap-dog congress credit.

They've managed to revive and implement every Dem wet dream proposal over the last 30 years.

At a huge cost to the America people.

And this is only their 1st month in office.

Gonna be a long 4 years.

[Cvengr]

The socialist hate trickle down economics, but favor tsunmai taxation tyrannics.

[truthguy]

Something Obama and his supporters don't realise is that ALL business taxes are paid by the final consumer. In fact business doesn't pay taxes. They only collect taxes. The cost of items that consumers buy will go up to pay for taxes.

Obama voters-dumber than a box of rocks.

[mkcc30]

The FOOL and OUR money will soon be parted!

[q_an_a]

The stupid oil and gas industry is no different than GM or Chrysler - they have slowly allowed their product to be targeted and not fought back. Gm via Toyota and Exxon (oil/gas) via The Green lobby. If Oil and gas started right now to talk about how HIGH gas prices will return with a better economy AND that the congress is killing all chances for domestic drilling. Congress is killing jobs - say it again they are killing jobs. But with record profits in hand the oil industry is going to let the congress kill jobs and kill them too. They make money off cheap foreign oil and short term ideas. They lose the growth market by killing jobs.

[freekitty]

How about the old line it’s taking away billions of money from the taxpayer. We know that isn’t true. Someone should hold these politicians feet to fire on that. The taxpayer never sees a dime.

[freekitty]

You have no idea what you are talking about.

[Post Toasties]

Is anyone else getting tired of hearing this “deficit that we inherited” line?

I was tired of that lie the first time I heard it.

[Hardastarboard]

Well at least the oil and gas companies will be paying these taxes and not the American taxpayer.

/ idiot DU / Politician / liberal mode

[norraad]

.

..I hate the tone, rhythm, and the meaning of O'bummer's words.

Thank you, I can't even get that far, as soon as I see him or any reference to him I have to turn away (thoughts of Lot's wife, etc.).

[cripplecreek]

Something Obama and his supporters don't realise is that ALL business taxes are paid by the final consumer.

Sounds like Jenny Granholm when she didn't raise taxes on the consummer, she just raised taxes on fuel for the trucks that bring consummer goods. LOL