Senate Democrats have a new weapon in their escalating oil and gasoline war with Republicans, though some party members are none too happy with their leadership’s offensive against the major oil companies.
Trying to counter Republican claims that ending some tax breaks for the five largest oil companies would ultimately hurt consumers, Democrats are now armed with a Congressional Research Service report that predicts a negligible impact on the price of gasoline if the changes are carried out.
2 comments:
The WOP supports exporting oil and would encourage using energy efficient homes, cars, or anything to reduce the energy usage of the nation. We can understand that there can be arguements made against major oil companies. However, cutting taxes are not the best way to resolve this problem. Because of this, comsumers will be hurt fanancially. We support increasing the taxes, therefore there would be no deficit. In this, consumers will have to pay a little more but there will be a less drama and less problems.
The WOP believes that energy needs to be saved, reduced, or reused. Dealing with the increasing gas prices, our party stands for increasing tax rates. Furthermore, the $21 billion that will be added to the current deficit will dramatically decrease due to our increase in taxation. The five major oil companies do have expensive cost for oil barrels, but the WOP can cover some of the expenses so that the unused money can go elsewhere.
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