While fishing the news pipe-lines, I found a story that I could not resist commenting on. Read the Full Story here! The US Chamber of Commerce has suggested taxing hybrid and fuel efficient cars to make up the difference they would be paying with the gas tax (to pay for highways, pot holes, etc). You don't have to pull out your cereal-box decoder ring to decode the sub-text of this article. With more and more people (Article In October 10 issue of Time) switching to hybrid, and other more fuel-efficient vehicles to help curb the cost by inflated gas prices, those record profits declared by such corps. as Exon begin to deflate themselves in a hurry.. Meanwhile, gas execs have been fighting allegations of price gouging on capital hill in the past few weeks, and being asked to explain RECORD PROFITS!! (Exon more than doubled it's yearly earnings)
While both price-gouging, and shortages are evident, attacking people who are driving more fuel efficient vehicles is disturbing.
How is a tax increase going to raise Gas Companies profits?
The answer to this question is two fold. 1) It will encourage people to stop buying econamy cars, and 2) Congress has granted tax breaks to gas companies - The money has to come from somewhere!
Reading this article has me so seething with anger, I don't know quite what else to say. I will let you dear reader read the article for your self, and come to whatever conclusion you will come to.
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2 comments:
So you think that taxing something is bad, but yet we should take away buyers' option of owning an SUV because they drive up gas prices? So what do YOU think would fix the problem? Also, have you noticed gas prices going down for almost a month now?
~Virginia Stephen
Damn it cody...update some time!!!! We're getting tired of reading the old entrys.
~K
P.S no Im not the only one who read this.
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