Thursday, February 28, 2008

New Tax Aims to Soak Greedy Oil Companies

House OKs $18B in taxes on Big Oil - USA Today

Hooray! Now those greedy oil companies, who have made record profits by gouging consumers at the pump over the past couple of years will finally have to give something back to the people!

Give me a break. This is yet another example of government idiots talking out of both sides of their mouths. On the one hand, they're shrieking about all the families who have been hurt by high prices for gasoline and heating oil. However, if you can figure out a way this bill won't raise prices even further I'd love to hear it. What are they smoking?

For once, I actually agree with a Republican:
"It punishes the oil and gas industry. This is wrongheaded. It will result in higher prices at the gasoline pump. It's spiteful and wrong," said Rep. Jim McCrery, R-La.

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