Democrats Admit Their Gas Bill Will Not Cut Gas Prices… But They Will Take More From Gas Companies

Republican Orrin Hatch called Thursday’s senate hearing a dog and pony show, a point he drove home with a visual aid. (CNN)

Democrats admitted this week that their tax bill will not cut gas prices at all…
They just want to take more profit from the private sector. reported:

With Gas Prices Nearing Record Highs, The Democrat Finance Chairman Says ‘I Don’t See That As An Issue At All. The Issue I See Is Who Shares.’

CHAIRMAN BAUCUS: Our Bill ‘Is Not Going To Change The Price At The Gasoline Pump’

SEN. MAX BAUCUS (D-MT):You know, this is not going to change the price at the gasoline pump. That’s not the issue.  I don’t see that as an issue at all. The issue I see is who shares.” (U.S. Senate, Finance Committee, Hearing, 5/12/11)

“It will not reduce gasoline prices by one penny.”
I would just like to add my strong voice to urging my colleagues to read this bill, to look at it and understand the inherent unfairness in it, the lack of significant deficit reduction, and the fact that it will not, although it is being touted as, it will not reduce gasoline prices by one penny.” (Sen. Landrieu, Floor Remarks, 5/11/11)

SEN. MARK BEGICH (D-AK): “It won’t decrease prices at the pump.” “There is a lot of talk right now about ending tax incentives for oil and gas industry, but the high profits right now of these companies are easy targets. But one thing Alaskans know, just because you have an easy target doesn’t mean it is the right thing to shoot. It won’t decrease prices at the pump for our families and small businesses. It will discourage companies, especially the independents, from domestic investment and job creation.” (Sen. Begich, Floor Remarks, 5/11/11)

SEN. CHUCK SCHUMER (D-NY): “This was never intended to talk about lowering prices.”
(CNN’s “The Situation Room,” 5/11/11)

“Nobody has made the claim that this bill is about reducing gas prices.”
(“McCaskill: Savings From Cutting Oil Tax Breaks Should Be For Deficit Reduction,” The Hill’s E2 Wire Blog, 5/10/11)

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