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Obama’s Energy Tax Will Even Tax Strippers

Posted on February 3 2010 12:30 pm
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by Vladimir

The President’s proposed 2011 Budget has tax-raising bulls-eye squarely on every demagogue’s favorite target, “BIG OIL”. Nobody likes Big Oil, right? They’re the Shells, the Exxons and the BPs who keep jacking up gasoline prices, right? WRONG. Regardless of what you think about Big Oil, those companies will hardly notice this tax increase. No, this baby will fall squarely on the backs of smaller, non-integrated domestic producers. The direct cost of this inept policy will be:

Loss of American jobs,
Loss of American GDP,
Increased oil imports, and
Reduced energy security.

Read more at RedState.

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