Quadruple Tax on Oil

In the article Harry Reid said, Taxpayers will not pick up the tab.”  Obama and congressional leaders said BP will pay for the clean up.  If the tax increases by 4 times on oil, then I think it is fair to say that we would be picking up the tab because they will have to make that money back somehow.  I am not trying to say they are innocent or guilty, that isn’t the point here.  The point is if taxes are put on any business, then that business will have to make it back in some way.  So if this is passed I think it is safe to say expect higher gas prices.  I wonder if there will be bumper stickers about gas prices and obama similar to what happened to bush when gas prices went up?  Click on TAX to read the article.

Published in: on May 24, 2010 at 11:36 pm  Leave a Comment  

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