Bloomberg.com: Obama May Levy $15 Billion Tax on Oil Company Profit
The great Obama wants to place a windfall tax on oil profits; a 20% tax on barrels of oil costing over $80. Hillary wants to levy a similar but lower tax on oil companies. Now just who in the hell do these dopes think will end up paying these windfall taxes?
The oil companies will pass the additional tax cost onto the consumer. Why is this so hard to understand? Taxes increase costs and decrease productivity. Its really pretty simple.
Expect to pay even more at the pump!
My suggestions, lower taxes for everyone, including business, and let's drill like a banshee in Alaska! Also, build a few more refineries. THEN gas prices will go down.
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