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In 2010, the United States consumed about 3.28 billion barrels of gasoline. With 42 gallons per barrel, that’s 137.8 billion gallons. There are state and federal taxes collected at the pump. How much did government collect?
In the last month, at least two members of congress, Maxine Waters (D-Calif.) and Maurice Hinchey (D-N.Y.), called for nationalizing the oil industry. Read that sentence again. Can someone name for me any private industry that has been taken over by the government where service got better, quality improved, or costs went down? Certainly the…
Well, when you threaten an industry with an additional $13 billion (at least) in taxes per year, implement a new health insurance government run “option” to “compete” that will undercut the price of current premiums, and then tax the living daylights out of many current private plans, what the hell do you expect?
At least that’s how the headline should read. Liberals have not learned anything in decades, all they know how to do is tug at the heartstrings of the working family and promote feel-good legislation that does nothing. Point in fact; when you increase the tax burden on a business, the business is forced to make…