Gas Tax Holiday? Don't count on it.
Posted by CP at 5/1/2008 9:06 AM 
Categories: Politics, Populism, Economics, war on the middle class, alternative energy, political, Off shoring, Attack on the middle class
Categories: Politics, Populism, Economics, war on the middle class, alternative energy, political, Off shoring, Attack on the middle class
I'm not sure how many of you caught the interview on the O'Reilly Factor with HRC last night, but there was an interesting exchange between them.
Bill asked Hillary about her proposal for the Gas Tax Holiday for the summer driving season. Her response was "we'll pay for it with a windfall profits tax on oil companies."
Bill did a good job pressing her on it bringing up the point that both parties have failed the American people in our countries energy policies and made that point that we have 400+ years of oil right here in our own country. If we could just drill in Anwar, the Gulf and dig up our Oil Sands.
Hillary just ignored those comments and moved right into how she will,"Take on OPEC" by filling lawsuits to "break up the cartel" and sue to "become the leader that we ought to be".
In response to her first point of windfall profits tax on oil companies, how does she think that this will help? if it costs more to do business the oil companies will raise prices to recoup their costs. This will increase the cost of gas for the consumers and amount to an additional tax on drivers, not a tax holiday.
In response to her OPEC comments. The US court system has no jurisdiction over the OPEC cartel. There is no world court and if she intends to create one, the US will have to be under it's jurisdiction in order to participate. This will undermine the sovereignty of the US and put us under world rule. I think I would rather pay high fuel costs. The world court could force us into the Kyoto treaty and force whatever rulings it wanted on us. We would no longer be our own country.
If we are to become the leader in energy that we ought to be according to Hillary. We need to start by digging up our own oil. We are the only country in the world that has the reserves to be energy independent and doesn't dig it up and sell it on the world market. Our economy is in the tank, just think of the jobs it would create if we started building oil wells and refineries.
We haven't built a refinery in over 30 years. The liberals and militant environmentalists along with the spineless Republicans who won't stand up for what is right for America are fully to blame for this failed energy policy. But all we get in response is "alternative fuels, Bushes war, and let's talk to OPEC". None of this will help this economy. What will help is infrastructure investments in fossil fuel supply in America to create American jobs and provide ourselves with the fuel we need to power our economy.
Bill asked Hillary about her proposal for the Gas Tax Holiday for the summer driving season. Her response was "we'll pay for it with a windfall profits tax on oil companies."
Bill did a good job pressing her on it bringing up the point that both parties have failed the American people in our countries energy policies and made that point that we have 400+ years of oil right here in our own country. If we could just drill in Anwar, the Gulf and dig up our Oil Sands.
Hillary just ignored those comments and moved right into how she will,"Take on OPEC" by filling lawsuits to "break up the cartel" and sue to "become the leader that we ought to be".
In response to her first point of windfall profits tax on oil companies, how does she think that this will help? if it costs more to do business the oil companies will raise prices to recoup their costs. This will increase the cost of gas for the consumers and amount to an additional tax on drivers, not a tax holiday.
In response to her OPEC comments. The US court system has no jurisdiction over the OPEC cartel. There is no world court and if she intends to create one, the US will have to be under it's jurisdiction in order to participate. This will undermine the sovereignty of the US and put us under world rule. I think I would rather pay high fuel costs. The world court could force us into the Kyoto treaty and force whatever rulings it wanted on us. We would no longer be our own country.
If we are to become the leader in energy that we ought to be according to Hillary. We need to start by digging up our own oil. We are the only country in the world that has the reserves to be energy independent and doesn't dig it up and sell it on the world market. Our economy is in the tank, just think of the jobs it would create if we started building oil wells and refineries.
We haven't built a refinery in over 30 years. The liberals and militant environmentalists along with the spineless Republicans who won't stand up for what is right for America are fully to blame for this failed energy policy. But all we get in response is "alternative fuels, Bushes war, and let's talk to OPEC". None of this will help this economy. What will help is infrastructure investments in fossil fuel supply in America to create American jobs and provide ourselves with the fuel we need to power our economy.
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