Democratic Leaders Mislead on Gas Prices, Oil Taxes, Says Energy Expert

CNSNews ^ | May 17, 2011 | Matt Cover

[justice14]

Thanks.

[DaveTesla]

Here is some hard data:

The state and federal government taxes gas at 32.4 cents to 70.3 cents a gallon.

This does not include crude oil import taxes or taxes passed on from the refineries.

http://www.api.org/statistics/fueltaxes/

http://www.api.org/statistics/fueltaxes/upload/GASOLINE_TAX_MAP_MAY2011.pdf

[Brad from Tennessee]

And we can revive the real estate market by eliminating the Home Mortgage Interest Deduction.

[justice14]

Thanks a lot!

[justice14]

Another question. This lists cents per gallon, which is what I asked for. But I thought I heard it was a percentage per gallon. Which would point out even more govn’t corruption. Is this true.

[Gilbo_3]

depends on locale whether its 'per gal.' or '% of price'...

its definately to goobermints advantage in the latter to see pump prices rise...

and remember that these are merely 'at the pump' taxes which is beyond all the various taxes/'fees'/regulators crap that is embedded at every level of production before it reaches the pump...

after all this, *then* the companies are taxed on their profits, which of course has been folded into the beginning price of doing business, and the cycle repeats...

i keep thinkin of all those 'gov credit cards' that are used by the millions everyday, and the 'taxes' that the co-signer [ie taxpayer] is recycling for every gallon in the speedtrap cruiser...

[justice14]

Thanks.

[blueyon]

At yesterdays (5/17/11) Oil & Gas Industry Tax Breaks Hearings, Tom Coburn gave one of the best speeches there. If anyone can find a video, please post.
I watched it on CSPAN.
Basically he said he is amazed at the lack of accounting knowledge the Senate has, that the reason why oil is so high is because the dollar is weak due to our high debt and since oil is “traded” world wide any regulations placed will have little effect on the price...it truly is worth listening to if anyone can find it!

[doug from upland]

Thanks for sharing that. Amazing.