HUTCHISON-BOND GAS TAX REPORT
Hutchison-Bond Gas Tax Report (PDF)
Senators Hutchinson and Bond are to be commended for an extensive review of the costs of the Waxman-Markey bill. The climate change legislation is essentially a $3.6 trillion gasoline tax that will devastate our economy. Consumers will pay more for food, clothing, and transportation to school and work. Businesses will have to cut more jobs in order to pay for the transportation of goods and services. Americans don’t need energy taxes; they need energy freedom!
Gov. George Allen
Chairman, AEFC
Latest Update: June 25, 2010
This report focuses on the tax the increase Kerry-Lieberman will place on gasoline, diesel and jet fuel. The Hutchison-Bond report calculated that Kerry-Lieberman would amount to a gas tax of $2.3 trillion–$7.6 trillion throughout the life of the bill (depending on the price ceiling and price floor). As you may be aware, the EPA did its own analysis on Kerry-Lieberman, in which it concluded the bill will be a $3.4 trillion tax.
http://hutchison.senate.gov/resources/HutchisonBondGasTaxReportonKerryLieberman.pdf
Let us know your thoughts on American energy. Comment below.
I think Al Gore needs to invest in some really speedy running shoes! I keep wondering if he can be prosecuted for perpetrating a fraud upon the American people. He’s a liar. I’m sick about the damage he has done to how Americans are viewed in the world.
I favor former Governor Palin’s energy ideas. Clean coal, natural gas and start drilling for oil of our own. And certainly the United States of America owes NO ONE money for the agreements drawn up in Copenhagen. I did not agree to this use of tax dollars. Who did Obama think he was up there promising away our dollars for unsubstantiated carbon footprints. Here’s a footprint up your behind sir.
Drill Baby Drill.
Grief – we are being scared over every little
thing from Tsunami, schools lock down, climate, ’severe’ weather every time it rains
This is manipulation city. Yet we hear little
about the real problems- like why health costs go up and up but nobody explains what the causes are. Or why the Credit Default Swap market increased by 500 times in 10 years.
Also, for intermittent energy – it might make
more sense to bring the work to where the
windmills are than trying to connect them to
the grid, and ditto for solar.