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Democrat Tax On Energy Producers Fails - Again | Missouri Political News Service

Democrat Tax On Energy Producers Fails – Again

April 2nd, 2012 by mopns · No Comments

Last week, Democrats and President Obama spent the week pushing a bill to raise taxes on American energy producers, even though not a single one could explain how this was supposed to help Americans feeling the pinch of high gas prices. Senate Majority Leader Harry Reid (D-NV) held a vote on the measure on Thursday and it was rejected on a bipartisan basis.

The Hill noted, “The outcome of the vote was not a surprise, given that a similar plan failed 52-48 last May. . . . Obama has sought to deflect blame for high gas prices, in part by casting Republicans as allies of big oil companies. He used a Rose Garden speech to urge lawmakers to back [Democrats’ tax bill]”

Despite the president’s attempts to shift blame, the Senate has now rejected Democrats’ calls to raise taxes on American energy producers twice. When Democrats were pushing this same tax increase last year, the Congressional Research Service weighed in and explained that such tax changes “would make oil and natural gas more expensive for U.S. consumers and likely increase foreign dependence.” And of course, Democrats have continually admitted that raising taxes on American energy companies won’t do anything to decrease the price of gas at the pump.


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