A dumb idea: Penalizing profitable U.S. Firms won’t reduce foreign oil dependence

President-elect Obama’s proposed punitive taxes on the oil industry


- Mark J. Perry FLINT, Mi. — With joblessness and serious economic problems rising, the last thing we need is public policy that makes them rise even faster. Yet, there is a danger this could happen if President-elect Obama’s proposed punitive taxes on the oil industry are enacted and lead to less energy development.
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