Wednesday, February 03, 2010

Obama Budget Taxes Domestic Energy - HUMAN EVENTS

Obama should stop trashing Vegas....he could headline there with his magical slight of hand budget tricks! He'd be the biggest magic act on the strip.....what he giveth - he taketh away FIRST!

Obama Budget Taxes Domestic Energy - HUMAN EVENTS:

Here we go again. The pole vault and parachutes plan for killing America’s domestic oil and gas industry reared its ugly head again yesterday in the Obama budget proposal. With the job and industry-killing cap and trade national energy tax warming a back bench during an election year -- if not riding out the entire Obama Recession -- the new budget proposal (pdf, page 4) seeks to impose nearly $40 billion in new taxes on America’s domestic oil and gas producers.

These taxes won’t simply affect large producers like Exxon/Mobil or Shell Oil companies but will sound the death knell for the small businesses that comprise the overwhelming majority of domestic energy production."

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