Obama Just Proposed Raising The Federal Gas Tax 136%
Feb 5, 2016 20:24:36 GMT -6
Nugget, Mystic Wanderer, and 1 more like this
Post by Rickster on Feb 5, 2016 20:24:36 GMT -6
SOURCE:
Ok so this is what I always complain about when someone says how much money there is in big oil. With a stroke of a pen big oil will never make the money State and Federal Government makes on fuel. Everyone knows the only reason he thinks he can get away with this right now is because the price of oil is down so far. The question is how long will that last? Only a hand full of people know at best, OPEC being one of them, but once it comes back up does anyone think the government will drop the new tax or will it stay in play giving the citizens the shaft yet again. Grab your ankles get some lube your government is looking for more cash.
"It’s all happening so fast, it’s hard to keep up with all the b.s. coming out of the president and his White House in his last year.
In case you missed it, Obama just proposed raising the gas tax to what would amount to 136%.
By proposing a $10 per barrel tax on every barrel of oil produced in the U.S., Obama wants to add a 25 cent gas tax on every gallon of gas you purchase at the pump. He wants to use it to pay for his green transportation initiatives.
Considering federal gas tax is 18.4 cents a gallon currently, this would mean a whopping 136% increase. When state taxes are considered, we will be paying 70 cents in tax on every gallon of gas.
While a 25 cent increase per gallon may not seem like a lot considering how low gas prices are at the moment, just consider how much we would all feel it if/when prices go back up to what they were a few years ago. The cost of everything will go up even more in this country, especially food.
Obama knows this fact. He’s the one who pointed it out actually.
As Daily Caller reported, Obama was just telling us all a few years back how much gas prices have the ability to harm everyone in the country, and especially people who are poor and just trying to make ends meet:
Obama told Georgetown University students in a 2011 speech that “rising prices at the pump affect everybody – workers, farmers, truck drivers, restaurant owners, students who are lucky enough to have a car.”
…
“Businesses see rising prices at the pump hurt their bottom line,” Obama warned in 2011. “Families feel the pinch when they fill up their tank. And for Americans that are already struggling to get by, a hike in gas prices really makes their lives that much harder. It hurts.”
So, in other words, Obama is openly admitting he wants to hurt you financially.
Guess that isn’t really news to most of us."
In case you missed it, Obama just proposed raising the gas tax to what would amount to 136%.
By proposing a $10 per barrel tax on every barrel of oil produced in the U.S., Obama wants to add a 25 cent gas tax on every gallon of gas you purchase at the pump. He wants to use it to pay for his green transportation initiatives.
Considering federal gas tax is 18.4 cents a gallon currently, this would mean a whopping 136% increase. When state taxes are considered, we will be paying 70 cents in tax on every gallon of gas.
While a 25 cent increase per gallon may not seem like a lot considering how low gas prices are at the moment, just consider how much we would all feel it if/when prices go back up to what they were a few years ago. The cost of everything will go up even more in this country, especially food.
Obama knows this fact. He’s the one who pointed it out actually.
As Daily Caller reported, Obama was just telling us all a few years back how much gas prices have the ability to harm everyone in the country, and especially people who are poor and just trying to make ends meet:
Obama told Georgetown University students in a 2011 speech that “rising prices at the pump affect everybody – workers, farmers, truck drivers, restaurant owners, students who are lucky enough to have a car.”
…
“Businesses see rising prices at the pump hurt their bottom line,” Obama warned in 2011. “Families feel the pinch when they fill up their tank. And for Americans that are already struggling to get by, a hike in gas prices really makes their lives that much harder. It hurts.”
So, in other words, Obama is openly admitting he wants to hurt you financially.
Guess that isn’t really news to most of us."
Ok so this is what I always complain about when someone says how much money there is in big oil. With a stroke of a pen big oil will never make the money State and Federal Government makes on fuel. Everyone knows the only reason he thinks he can get away with this right now is because the price of oil is down so far. The question is how long will that last? Only a hand full of people know at best, OPEC being one of them, but once it comes back up does anyone think the government will drop the new tax or will it stay in play giving the citizens the shaft yet again. Grab your ankles get some lube your government is looking for more cash.
This mans intellengence, loyalty and motives are in serious need of closer examination.
