Summer is almost here, and people are packing up their vehicles heading off for their vacations. With last year’s astronomical fuel prices, many are wondering if this awaits the high costs will await them this year.
According to The Washington Examiner, the Democrats in Congress are proposing increased regulations and higher taxes on oil companies who drill both on the land and offshore. If a bill that has been drafted by the House Natural Resources Committee is passed, offshore drilling will be threatened by increased taxes on exploration and oil companies will also received an increased tax burden. This will only be passed along to the consumer.
At a time, when most would think that the Democrats in Congress would be concerned about their re-election bids and maintaining a majority, they decide to raise taxes for the oil companies, who are working to ensure that we are utilizing oil in our own country, rather than being dependent on foreign oil reserves. These taxes are only going to hurt Main Street America. Hopefully, this will be the wake-up call for Americans, when they go to the polls in November 2010. The Democrats do not care for the American taxpayer or utilizing our own natural resources for energy. Talk about thugocracy at work, people!