Hmm. At a time when the industry is losing product, bleeding money and facing massive clean-up costs, all of which is keeping oil prices artificially high in the wake of the BP oil spill in the gulf, Congress is now set to… raise taxes. Liberals just aren’t very creative, are they?
The move afoot in Washington, despite governmental insistence that BP pay the costs for the oil spill, is to use this disaster as an excuse to quadruple the current federal tax on oil. This would mean over $1 billion in additional taxes per year, passed along to the US taxpayer.
Are you kidding?
No, they’re not.
So, I guess it’s a time out on dreaming up ways to place a new tax on weight loss drinks; oil is the target of liberal dominance run amok once again.