Tag: Gas
Arrogance: Congress Considers Gas-Tax Hike
You have got to be kidding me. Just when you thought the Democrats couldn’t get any stupider, they go on to show how really hard they want to put the screws to the American people. I guess $4 a gallon isn’t high enough and a 9% approval rating isn’t low enough for them! Their arrogance is unbelievable. They perform the horse and pony show by grilling “Big Oil” for gouging the American consumer and now they have the audacity to even think about raising the tax on a gallon of gas. They will not be happy until they take everything we earn, and then provide us with an “economic stimulus check” to make them feel better for taking our hard earned money in the first place. As it is now we just finished working from Jan-July 16th to pay for all their wasteful spending.
When are people going to stand up and say enough? Fire them all!
Lawmakers Could Consider Gas Tax Hike, After Gas Tax Holiday Fails
The political vision of a summer gas tax holiday died a quick death in Congress, losing to a view that federal excise taxes on gasoline and diesel fuel will have to go up if they go anywhere.
Despite calls from the presidential campaign trail for a Memorial Day-to-Labor Day tax freeze, lawmakers quickly concluded — with a prod from the construction industry — that having $9 billion less to spend on highways could create a pre-election specter of thousands of lost jobs.
Now, lawmakers quietly are talking about raising fuel taxes by a dime from the current 18.4 cents a gallon on gasoline and 24.3 cents on diesel fuel.
With gas prices setting records daily, Republican presidential hopeful John McCain and former Democratic candidate Hillary Rodham Clinton called for a 90-day suspension of the federal fuel tax to give drivers a little relief at the pump. The fuel taxes go into the Highway Trust Fund, which is used for road construction and repair and mass transit.
Clinton suggested making up for the loss by imposing a windfall profit tax on oil companies, an idea that Republicans rejected. McCain said the money could come out of the general Treasury fund, in effect adding to the federal deficit, and is still getting mileage from the idea.
“Some economists don’t think much of my gas tax holiday,” he said in a speech this month. “But the American people like it, and so do small business owners.”
Barack Obama, the likely Democratic nominee, opposed the idea from the beginning and the White House gave it a cold shoulder. Depriving the 52-year-old Highway Trust Fund of $9 billion at a time when it is heading into the red doomed the notion of a gas tax holiday in Congress.
The chairman of the House Transportation and Infrastructure Committee, Rep. James Oberstar, and the chairman of the highway subcommittee, Rep. Peter DeFazio, presented fellow lawmakers with a list of how many jobs and how much money each state would lose. It ranged from $30 million and 1,000 jobs in Vermont to $664 million and 23,000 jobs in California.
“Because the trust fund is already looking at a looming shortfall, it would have moved project cancellations into the construction season,” DeFazio, D-Ore., said in an interview. He said it was “highly unlikely” that oil companies would have passed savings along to consumers.
Just three years ago, that trust fund enjoyed a surplus of $10 billion. Even without a tax freeze, the fund is projected to finish 2009 with a deficit of $3 billion. That that could grow as Americans drive less and buy less gas because of higher pump prices.
The consequence is that only about $27 billion in federal money will be available next year to states and local governments for new infrastructure investment even though the current highway act calls for spending $41 billion a year. For many, the solution is to raise rather than suspend or cut federal fuel taxes, which haven’t changed since 1993.
The Transportation Construction Coalition, a group of industry companies and unions, said that if Congress does not do something about the shortfall, states will lose about one-third of their road and bridge money in the budget year starting Oct. 1. That would put 485,000 more jobs at risk.
That message carried the day this summer. But now Congress has the bigger task of dealing with the short-term deficit crisis in the fund and coming up with a new spending plan, including revisiting the gas tax issue, when the current six-year, $286 billion highway-transit act expires in September 2009.
Senate Democrats in May tried to add $5 billion to an aviation overhaul bill to replenish the highway trust fund next year; Republicans objected. Democrats tried again in June, but this time for $8 billion; Republicans objected to that, too.
Congress should first reduce spending on pet projects, known as earmarks, argued Sen. Jim DeMint, R-S.C. “I’m not going to let the Senate spend all this money when nobody is looking, especially when we refuse to stop wasting billions of taxpayer dollars on earmarks.”
Oberstar, D-Minn., said his committee is working on the next long-term highway bill. He estimated it will take between $450 billion and $500 billion over six years to address safety and congestion issues with highways, bridges and transit systems.
“We’ll put all things on the table,” Oberstar said, but the gas tax “is the cornerstone. Nothing else will work without the underpinning of the higher user fee gas tax.”
At the very least, the gas tax should be indexed to construction cost inflation, DeFazio said.
The nonpartisan National Surface Transportation Policy and Revenue Study Commission concluded in a report this year that the U.S. needs to spend $225 billion annually over the next 50 years to create a highway and transit system capable of sustaining strong economic growth. Current spending, at federal, state and local levels, is about $90 billion a year.
Among other revenue-raising possibilities, the commission recommended gradually increasing the current federal fuel taxes to 40 cents a gallon.
The American Road & Transportation Builders Association is calling for a 10-cent-a-gallon raise and indexing the tax to inflation. With construction costs soaring because of competition for building materials from China and other developing nations, the tax rate would have to be about 29 cents a gallon to achieve the same purchasing power as the 18.4-cent rate imposed in 1993, the association says.
Including state and local levies, people in the U.S. pay about 47 cents on average in taxes for a gallon of gasoline. Fuel in many European countries costs $8 to $9 a gallon, with half or more of that going to taxes.
Other ideas that will be on the table when lawmakers write a bill next year including more toll roads and public-private partnerships, congestion pricing and user fees where drivers pay a tax based on how many miles they drive.
Alternative Energy Sources: We Need a Car that Runs on Democrats’ Lies
In her latest article “This is not a drill”, Ann Coulter is dead on as always. She exposes the Democrats as the liars that we all know they are.
Today, oil is the energy of Americans freedom. As we all can see, relying on foreign sources of oil is limiting our freedom and giving away our wealth. Those who oppose developing domestic sources of oil are enemies of freedom, make note of our leaders who oppose our freedom.
If Americans remain free and prosperous we will develop an alternate energy source i.e. something other than oil or corn based ethanol. If we lose our freedom we will also lose our prosperity, we will become at the mercy of tyrants, both domestic and foreign. Maybe that is what Pelosi and the Democrats want!
Speaker of the House Nancy Pelosi, or as she is called on the Big Dogs blog, “the worst speaker in the history of Congress,” explained the cause of high oil prices back in 2006: “We have two oilmen in the White House. The logical follow-up from that is $3-a-gallon gasoline. It is no accident. It is a cause and effect. A cause and effect.”
Yes, that would explain why the price of oral sex, cigars and Hustler magazine skyrocketed during the Clinton years. Also, I note that Speaker Pelosi is a hotelier … and the price of a hotel room in New York is $1,000 a night! I think she might be onto something.
Is that why a barrel of oil costs mere pennies in all those other countries in the world that are not run by “oilmen”? Wait — it doesn’t cost pennies to them? That’s weird.
In response to the 2003 blackout throughout the Northeast U.S. and parts of Canada, Pelosi blamed: “President Bush and Rep. Tom DeLay’s oil-company interests.” The blackout was a failure of humans operating electric power; it had nothing to do with oil. And I’m not even “an oilman.”
But yes — good point: What a disaster having people in government who haven’t spent their entire lives in politics! That explains everything. A government official with relevant experience or knowledge about an issue is obviously a crisis of gargantuan proportions.
This must be why the Democrats are nominating B. Hussein Obama, who finished middle school three days ago and has less experience than a person one might choose at random from the audience of “American Idol.”
Announcing the Democrats’ bold new “plan” on energy last week, Pelosi said breaking into the Strategic Petroleum Reserve “is one alternative.” That’s not an energy plan. It’s using what we already have — much like “conservation,” which is also part of the Democrats’ plan.
Conservation, efficiency and using oil we hold in reserve for emergencies does not get us more energy. It’s as if we were running out of food and the Democrats were telling us: “Just eat a little less every day.” Great! We’ll die a little more slowly. That’s not what we call a “plan.” We need more energy, not a plan for a slower death.
But there’s more! Pelosi announced that the Democrats also plan to push for “an historic investment in biofuels, efficiency, conservation and the rest.” The “rest” is apparently what she called our “important and essential” investment in alternative energy.
That certainly would be historic: We would make history by throwing our money away on unproven energy boondoggles that have eaten up untold billions since the 1960s without producing a single net kilowatt of power while we all starve to death.
The proposal to use energy sources that don’t yet produce any energy is like the old New Yorker cartoon with Obama in Muslim garb — no wait, that was a different cartoon. The cartoon is: A scientist has written out his extremely complicated theory on a blackboard and is showing it to another scientist. The theory consists of numbers and characters and takes up the entire blackboard. About two-thirds of the way across, reading left to right, appear the words, “then a miracle happens,” followed by more numbers and characters.
That’s the Democrats’ plan to run cars on biofuels, solar and wind power: Then a miracle happens. The current Democratic mantra on energy is: “We can’t drill our way out of this problem.” Apparently their plan is to talk our way out of this problem.
Democrats are also alleging that the oil companies are sitting on millions of acres of oil but are refusing to drill — presumably because oil company executives hate the American people and perversely don’t want to make money. Manifestly, those acres are being explored for oil or have already come up dry.
If the Democrats really wanted oil companies to find more oil, they’d allow oil companies to drill offshore and to drill in ANWR, which we happen to know is bursting with oil.
But they don’t. They don’t want drilling. They don’t want more oil. They want humans to ride bicycles and then to die. We deserve it: We were mean to the polar bears.
It’s good to know that in the middle of a crisis, the Democrats are still liars. As long as we’re fantasizing about “alternative” energy sources, what we really need is a car that runs on Democrats’ lies.
It is time for Nancy “the Troll at the Bridge” Pelosi to Resign
Nancy Pelosi’s lame-brained plan to use the strategic oil reserve to try to lower prices, while still blocking any attempt to drill is the final straw. In playing politics with the Strategic Petroleum Reserve, Nancy Pelosi has moved beyond the incompetence and irresponsibility that have characterized her leadership to date. She is nothing short of dangerous to the future of our country and has become a real life living example of the “Troll at the Bridge” that stands in the way of America’s energy independence and lower gas prices. She should resign immediately.
Drill Here, Drill Now. Just get the Hell to it!
Feckless To Reckless, Pelosi Should Resign
Leadership: With oil hitting $147, Nancy Pelosi finally admits energy is a problem. But instead of drilling for it, she’s cooked up a new drain-the-reserves scheme. It’s pure politics at a time of crisis. She ought to resign.
Any leader with an energy record as derelict as Speaker Pelosi’s ought to step down. Where she once was just incompetent and irresponsible, she has now — with her latest scheme to fix oil prices — become dangerous.
Despite polls showing Americans in favor of drilling more oil from America’s huge untapped supplies, Pelosi won’t allow it. She just wants to empty our Strategic Petroleum Reserve for a short-term fix to get through Election Day.
It’s an irresponsible suggestion, signaling not only an ignorance of how the economy works but also a willingness to place the nation at risk in the case of emergency.
Last Tuesday, Pelosi sent a letter to President Bush urging him to release a “small portion” of the nation’s 706 million barrels of strategic-reserve oil to bring down prices. Regardless of how one feels about whether reserves should be held at all, two big problems stand out with Pelosi’s tiny demand.
One, she’s proposing a misappropriation of the reserves. The U.S. oil stockpile is a 58-day cushion for emergencies that today are all possible. If Israel attacks Iran, for example, and prices double again. Or if Hugo Chavez cuts off his supplies, as he threatened to do as recently as Sunday.
The reserve is there to cushion the blow of a market disruption; it’s not an open-market mechanism to manipulate prices for political ends.
Two, Pelosi has finally admitted that supply matters, something that contrasts with her entire legislative record. We count 14 energy actions to suppress supply on her Web site just since 2005.
She has blocked efforts to open Alaska to drilling, denounced fossil fuels, blamed oil companies for high gasoline prices, voted for biotech boondoggles and condemned speculators.
“Our coasts need lasting protection from oil and gas drilling,” she declared Dec. 6, 2006, after Democrats won control of Congress. Missing are any moves against petrotyrant regimes who drive prices skyward, or even lip service to the idea of ensuring supply through drilling.
Pelosi downplays her proposal as modest because it’s a “small” portion of the reserves to spend. And look what happened in 2000, she says, when an SPR release authorized by President Clinton lowered gasoline prices nearly 20%.
But she’s not fooling anyone. Then, like now, an election was coming up.
With Congress’ public approval at a subterranean 9% and falling, the speaker must be starting to realize that November may not be the Democratic cakewalk that pundits predict.
President Bush, however, isn’t about to be suckered into releasing the reserves just long enough for pump prices to fall by Election Day, thereby saving Democrats’ skins so they can carry on their drill-nothingism for an additional two years.
The president needs to do two things with Pelosi’s proposal: First, tell her “no,” unless she comes up with a plan to open up more drilling. Second, expose it for what it is — a bid to paint Bush as the problem to distract from her own sorry record.
In playing politics with the Strategic Petroleum Reserve, the speaker has moved beyond the incompetence and irresponsibility that have characterized her leadership to date.
It borders on reckless, something we cannot tolerate in such dangerous times.
Related:
Analysts Say Gas Prices Could Fall to $2 if Congress Acts
Nancy Pelosi Calls Drilling in Protected Areas a Hoax
Nozzle Rage: Getting Hosed at the Gas Pump
What do the Democratic-led Congress and OPEC Have in Common?
Democrat-Controlled Congress May Be Trying to Destroy America with $11 Per Gallon Gasoline
The Truth about Drilling in ANWR
The Oil Jihad Continues: OPEC President Predicts the Price of Oil Will Climb to $170 a Barrel before the End of the Year
OPEC’s Oil Jihad
Alaska Governor to Harry Reid: Start drilling in ANWR
Mad About High Gas Prices? An Easy Solution
10 Reasons To Blame Democrats For Soaring Gasoline Prices
Congressional Stupidity Is Destroying America
The Price Of Oil Rose 8% Today
Newt Gingrich: Drill Here, Drill Now, Pay Less
10 Energy Questions for the US Senate
Congress Responsible For High Oil and Gas Prices
Saudis And Democrats See No Reason To Raise Oil Production Now
The Democrat’s Energy Plan: When Common Sense Is Not So Common
ANWR Derangement Syndrome: Senate Democrats Reject Domestic Oil Drilling
Energy Pandering: Congress Divided On Energy Plan
Senators Introduce Bill to Increase Domestic Oil and Natural Gas Production
200 Billion Barrels Of Oil That Could Make The U.S. Energy Independent
Democrats Put Big Oil on Display Once Again
Corn Prices Jump to Record $6 a Bushel, Driving Up Costs for Food