T. Boone Pickens On Obama Oil Tax: "Dumbest Idea Ever"
The current proposal of a 22-25 cents per gallon rise on top of the existing taxes is unprecedented, so most are viewing this as a legacy-maker and a discussion starter and nothing more--for now, at least.
By Oilprice.com -- Rakesh Upadhyay —— Bio and Archives--February 12, 2016
Global Warming-Energy-Environment | Comments | Back To Full Article
The Obama administration's proposed $10.25 per barrel oil tax adds up to approximately $32 billion a year, and critics are coming out of the woodwork in defense of both the oil industry and end users who would foot the bill for transportation system reforms-but it may be a moot point since the effort will simply be killed off by Congress.
At the end of the day, this proposal is simply meant to start a discussion and possibly add to the Obama environmental legacy. The proposal has sparked immediate backlash, with critics blasting it as an impossible production tax, the death knell for the already struggling oil industry, and an unfair policy that would render gas at the pumps more expensive for consumers.
Read Full Article...
Welcome to CFP’s Comment Section!
The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
Big Tech and Big Media are gunning for the Conservative Voice—through their Comment Sections.
Canada Free Press wishes to stay in the fight, and we want our fans, followers, commenters there with us.
We ask only that commenters keep it civil, keep it clean.
Thank You for your patience and for staying aboard the CFP ‘Mother Ship’.
READ OUR Commenting Policy