Obamo's Ridin Dirty Bill

[Raymond Little]

Surely liking the price of gas these days, but they are soon to end. Buried down in Obama’s new budget are tax increases and repeals of tax breaks on gas companies that when totaled will increase your pain at the pump to the tune of $1.50 a gallon.
This is on top of their plan to tax your usage as well. Although the Obama administration is denying the latter, the underpinnings are already in the proposed budget. All of this is included in a whopping one-trillion dollar tax increase to begin in 2011.
But let’s look at what that $1.50 increase in gas will do to our economy.
1. The aforementioned pain at the pump. Since Democrats were in such a hurry to blame gas company execs for the increase last year, who will they blame it on now?
2. The cost of consumables will skyrocket at a time when inflation is already in place. Say hello to $7.00 tomatoes, $6.00 for a gallon of milk.
3. Higher prices for commercial travel, and incidently more airlines forced to shut their doors due to higher fuel cost and lack of passengers due to to the fact they can’t afford to fly.
In other words it will have huge negative affects

Hopefully this will drive the nail in his coffin but quite possibly Americas also. Gotta get new tubes for the families bycycles tomorrow and a goat to keep the grass short. Almost forgot, it is "Bush's" fault.

No We Can't Regards

[Patrick Johndrow]

Obama and his crew will set liberal back 50 years with their bills...let's embrace this as the beginning of the end of liberalism in our lifetime.

[M Remington]

Surely liking the price of gas these days, but they are soon to end. Buried down in Obama’s new budget are tax increases and repeals of tax breaks on gas companies that when totaled will increase your pain at the pump to the tune of $1.50 a gallon.
This is on top of their plan to tax your usage as well. Although the Obama administration is denying the latter, the underpinnings are already in the proposed budget. All of this is included in a whopping one-trillion dollar tax increase to begin in 2011.
But let’s look at what that $1.50 increase in gas will do to our economy.
1. The aforementioned pain at the pump. Since Democrats were in such a hurry to blame gas company execs for the increase last year, who will they blame it on now?
2. The cost of consumables will skyrocket at a time when inflation is already in place. Say hello to $7.00 tomatoes, $6.00 for a gallon of milk.
3. Higher prices for commercial travel, and incidently more airlines forced to shut their doors due to higher fuel cost and lack of passengers due to to the fact they can’t afford to fly.
In other words it will have huge negative affects

Hopefully this will drive the nail in his coffin but quite possibly Americas also. Gotta get new tubes for the families bycycles tomorrow and a goat to keep the grass short. Almost forgot, it is "Bush's" fault.

No We Can't Regards

RL, you really think that it's okay to give tax breaks to companies that are posting record profits? You conservatives harp on welfare until it goes to corporate America! Exxon Mobil and others are on the corporate tit--since Bush-Cheney didn't have the stomach to wean them, someone has to.

[K G]

Hey Mark....let's nationalize the gas companies. We've already started on the banks, why not control the price of gas?

Maybe BHO is on to something regards,

kg

[M Remington]

Hey Mark....let's nationalize the gas companies. We've already started on the banks, why not control the price of gas?

Maybe BHO is on to something regards,

kg

KG, this has nothing to do with nationalizing gas companies. It has to do with subsidizing companies that don't need it. Is there any difference between that and giving welfare benefits to undeserving people?

[Raymond Little]

when totaled will increase your pain at the pump to the tune of $1.50 a gallon

Typical "LEFIST", Exactley Who do you think is going to be paying this GAS TAX????????????? TRICKLE DOWN MARX, WHY don't you
people ever get this simple principle?????????????? All taxes are passed down to the end user, ALWAYS!!!!!!!!!!!!!! Remember Clinton's Luxury Tax???? He wanted to soak the Rich, but ended up killing the Big Boat builders instead. It is called trickle down economics, I spend 1.5 mil on a sportfisher, guys below me on the economic scale have to be hired inorder to produce my boat. Everyone gets a chance to be employed to fill the orders that wants to get off their Butts. Those that do not, vote for a Socialist who claims he will REDISTRIBUTE THE WEALTH. What the "HandOut Crowd" does not understand is, they are still going to be on the Demorat Plantation since the Demorats only want them to have enough "Chedda" to buy the necessities of life. Full employment is a Socialist Utopia, there will always be those that are either too lazy or too addicted to practice self-preservation.
Don't worry Marx, I will be here to say I told you so in next year.

Fondest Regards
Raymond

[code3retrievers]

Since when is a tax break a subsidy. These companies pay a lot of taxes and they are ultimately paid by the consumer.

Paying higher taxes regards

[YardleyLabs]

Surely liking the price of gas these days, but they are soon to end. Buried down in Obama’s new budget are tax increases and repeals of tax breaks on gas companies that when totaled will increase your pain at the pump to the tune of $1.50 a gallon.
This is on top of their plan to tax your usage as well. Although the Obama administration is denying the latter, the underpinnings are already in the proposed budget. All of this is included in a whopping one-trillion dollar tax increase to begin in 2011.
But let’s look at what that $1.50 increase in gas will do to our economy.
1. The aforementioned pain at the pump. Since Democrats were in such a hurry to blame gas company execs for the increase last year, who will they blame it on now?
2. The cost of consumables will skyrocket at a time when inflation is already in place. Say hello to $7.00 tomatoes, $6.00 for a gallon of milk.
3. Higher prices for commercial travel, and incidently more airlines forced to shut their doors due to higher fuel cost and lack of passengers due to to the fact they can’t afford to fly.
In other words it will have huge negative affects

Hopefully this will drive the nail in his coffin but quite possibly Americas also. Gotta get new tubes for the families bycycles tomorrow and a goat to keep the grass short. Almost forgot, it is "Bush's" fault.

No We Can't Regards

I would love to see what creative math is used to support your contention that prices will go up $1.50/gallon. The proposed tax/fee increases (see http://online.wsj.com/article/SB123566872495184681.html) are expected to raise amounts paid by oil companies by about $3 billion/year as compared with the $80 billion/year now paid in taxes. $3 billion works out to a little over $0.02/gallon assuming that the whole cost is paid through gasoline prices, and none is pad through home heating oil or other oil usage. I think 1.5 cents/gallon is a closer estimate to reality.

[Hoosier]

I would love to see what creative math is used to support your contention that prices will go up $1.50/gallon. The proposed tax/fee increases (see http://online.wsj.com/article/SB123566872495184681.html) are expected to raise amounts paid by oil companies by about $3 billion/year as compared with the $80 billion/year now paid in taxes. $3 billion works out to a little over $0.02/gallon assuming that the whole cost is paid through gasoline prices, and none is pad through home heating oil or other oil usage. I think 1.5 cents/gallon is a closer estimate to reality.

Even according to your math it's a $23,630,000,000 tax increase on people at the pump.

[K G]

KG, this has nothing to do with nationalizing gas companies. It has to do with subsidizing companies that don't need it. Is there any difference between that and giving welfare benefits to undeserving people?

Hey Mark....loosen your grip, man....you are an "edge-of-the-seater" if I've ever seen one....

I was being facetious....using a little "irony" if you will....call it "sarcasm" if you must.....bottom line is, I was kidding....

kg