Dem Congress Jumps Into Action… Will Quadruple Gas Tax After Gulf Oil Spill
Posted by Jim Hoft on Tuesday, May 25, 2010, 4:53 AM
The democrats in Congress finally jumped into action. The tax-and-spend liberals decided the best thing they could do to help out in the Gulf after the disastrous oil spill was to quadruple the gas tax.
What a complete stunner.
Here comes higher gas prices for everyone thanks once again to democrats.
The AP reported:
Responding to the massive BP oil spill, Congress is getting ready to quadruple—to 32 cents a barrel—a tax on oil used to help finance cleanups. The increase would raise nearly $11 billion over the next decade.
The tax is levied on oil produced in the U.S. or imported from foreign countries. The revenue goes to a fund managed by the Coast Guard to help pay to clean up spills in waterways, such as the Gulf of Mexico.
The tax increase is part of a larger bill that has grown into a nearly $200 billion grab bag of unfinished business that lawmakers hope to complete before Memorial Day. The key provisions are a one-year extension of about 50 popular tax breaks that expired at the end of last year, and expanded unemployment benefits, including subsidies for health insurance, through the end of the year.
The House could vote on the bill as early as Tuesday. Senate leaders hope to complete work on it before Congress goes on a weeklong break next week.
Lawmakers want to increase the current 8-cent-a-barrel tax on oil to make sure there is enough money available to respond to oil spills. At least 6 million gallons of crude have spewed into the Gulf of Mexico since a drilling rig exploded April 20 off the Louisiana coast.
President Barack Obama and congressional leaders have said they expect BP to foot the bill for the cleanup.
“Taxpayers will not pick up the tab,” Senate Majority Leader Harry Reid, D-Nev., said Monday.
BP executives told Congress last week they would pay “all legitimate claims” for damages. But the government needs upfront money to respond to spills, as well as money to pay for cleanups when the responsible party is unable to pay, or is unknown. Money spent from the fund can later be recovered from the company responsible for the spill.
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P. Aaron commented:
QUOTE: “Taxpayers will not pick up the tab,” Senate Majority Leader Harry Reid, D-Nev., said Monday.
That’s right, the senate will just print more money.
PamelaofthePoconos commented:
I thought they had their boot on BP’s throat and BP was paying for everything.
Cynic commented:
Always take advantage of a crisis. We could see these added taxes coming even before this accident (or was it an accident?).
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Lightwave commented:
24 cents a barrel works out to about 10 cents per gallon of refined gasoline. Guess who’s going to pay for that?
The good news is the Democrats are failing so badly, when we get rid of them in 2010/2012, they’ll never be in power again in our lifetimes.
Andreas K. commented:
The cheapst price for Diesel (cheapest fuel here) I can find right now is 1.05 Euro per liter. That’s 4.20 Euro per gallon. Which is 5.12 Dollars per gallon.
50% of that are taxes. And when you pay for it at the gas station, you pay an additional 20% VAT on it.
Mind you, this is just the way it is in Austria.
But it’s similar all across Europe.
Bleed the people try. That’s certainly going to work on the long run. Not.
But… what do we see here?
Another tax hike out of many more to come.
So how’s the hopey-changey for you?
jimbo commented:
Hey, if Harry Reid said taxpayers won’t pick up the tab, we should take him at his word. HAHAHAHAHAHAHAHAHAHAHAHAHA.
Andrew commented:
We won’t pick up the tab? That’s like a tree trimmer saying “We’ll trim off all of the really leafy branches, but your tree will provide shade.”
BS
squeaky commented:
the gas tax at the time was supposed to be for the maintenance of the roads and they managed to direct it to other avenues. big time
spenders as they direct funds away from stated goals to their own pet projects. and we’re supposed to believe them……how many times
do people lie to you before you dismiss every
word that comes out of their mouth. because of the type job i had, people lied to me all the time. you learn not to get sucked in. you learn to beat them at their own game.
freelunch commented:
“24 cents a barrel works out to about 10 cents per gallon of refined gasoline.”
No, it works out to less than a cent.
Opus #6 commented:
TAXpayers will not pay the TAX? This does not make sense. Anyone who pays the tax is by definition a taxpayer.
Militant Conservative commented:
We need less government and lower taxes. The effect of this will be a looooong recovery from this downturn and quite possibly a depression. powder is dry.
squeaky commented:
i’m sure this has been around but it came in my e-mail. i don’t watch or listen to michael savage, but this call should help us keep obama’s approval numbers in perspective and this woman is definately part of his approval numbers. they’re part of the 52% obama and his supporters brag about. would someone check on the room availability at the institute
for living?
http://www.youtube.com/watch?v=Jg0pDPK56Ys
avery commented:
The EPA already put a tax on the air we breath they must set around and think up new taxs.I sure hope their enough of us to vote them out . Defund the EPA.
bill-tb commented:
And here I thought the 1990 OPA was supposed to prevent spills like this “from ever happening again” … what a laugher that was.
Hey did you find the fire booms that the CG was supposed to have in inventory?
Instead, all we get is this spill and another gas tax. The Obama Regime seems to not have a clue. I guess it comes from the experience of sitting in Rev Wright’s church.
patman commented:
I just spilled my coffee.
Let’s create a new tax to punish the coffee industry, water company and ceramic mug manufacturing companies to clean this mess up.
Sure, I’ll let the coffee sit on the table and carpet till Obama says to move on things.
So call me mid March and we’ll form a committee to consider a bipartisan measure to deal with an issue a paper towel could have solved.
eaglewingz08 commented:
If Obama signs such a monstrous piece of legislation, I wonder how he will square that with his ‘I won’t raise any taxes on anyone making under $200K per year’? Yet another piece of crap statement with an expiration date. I wonder if there is a special school for democraps where all they are taught are how to ideate and pass tax legislation? Or is it just part of their mental dysfunction?
Dave In Houston commented:
Yeah, that will fix the problem. Nothing like a good tax to make the world a cleaner, healthier, prettier place. That’s why we elect Democrats.
neomom commented:
How did my throat get between BP’s throat and Obamas boot? OW!
Robert commented:
It’s nice to see that the Democrats haven’t let this crisis go to waste and have used it to increase taxes. This revenue income will of course be used for other purposes than that stated.
“Taxpayers will not pick up the tab,” Senate Majority Leader Harry Reid, D-Nev., said Monday.
More stupidity from Reid, showing that these people know nothing about business. The tax increase will be passed on to the consumers, er, uhm, taxpayers.
PJ commented:
“grab bag of unfinished business” = handouts to political supporters.
Hey, it rained today…we need an emergency flood tax!!
Jean commented:
The democrats need money for the November elections, perhaps to pay off the illegal aliens voting for them.
Corn Fused commented:
I didn’t know that the only people who buy gasoline make over $250,000 a year.
xxx commented:
That will raise the price of food, commodities, and transportation. That will further erode the Obama plan to destroy America’s economy. So they are on track to really punish us Americans.