Posted on 03/11/2012 1:19:43 PM PDT by Libloather
Dem rep. rips Obama’s energy policy
By Josiah Ryan - 03/09/12 03:47 PM ET
Rep. Gene Green (D-Texas) on Thursday bashed President Obama’s proposal to increase taxes on oil-and-gas companies, saying it would kill jobs and result in lower domestic energy production.
“I oppose the president’s proposed tax increases on the oil and gas industry,” Green said Thursday, as reported by the Houston Chronicle. “An $85 billion tax hike would suppress our domestic production, stifle job creation, drive up imports of crude oil from nations that are hostile to us and increase the volatility of the gasoline markets.”
Obama outlined his vision for domestic energy in a speech Wednesday, arguing that the $4 billion in tax breaks that go to the energy industry are in part responsible for record profits they are reporting. He suggeted the money could be better deployed to incentivize the alternative energy industy.
“We’re giving them extra billions of dollars on top of near-record profits that they’re already making,” Obama said.
But I think his real thrill is the "dictator" role.
Gene, did you miss a meeting or something?
Will taxing the oil companies lower the price of gas, or increase it?
Enough said.
Obama’s real thrill is ruining the American dollar for Soros.
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