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Politics, Astrophysics, Missing

News & Issues > Mccain's Hidden Energy Tax
 

Mccain's Hidden Energy Tax

John McCain's Hidden Energy Tax
Roy Cordato

What do John McCain, Environmental Defense, the Natural Resources Defense Council, and the Pew Center on Climate Change have in common? They have united to support a massive new tax increase on energy - which will raise costs throughout the economy and threaten the vitality of, among others, the oil and automobile industries.

I suspect that many who would be significantly harmed by McCain’s wrongheaded tax plan - say, blue-collar workers in Michigan - have never heard of it. The Arizona senator’s position on federal tax cuts is better known. Nearly all of his opponents in the presidential campaign have criticized him for voting against both of President Bush’s tax-reduction plans. What is not widely understood is that he is currently sponsoring legislation that, in the name of fighting global warming, would dramatically raise the tax on all carbon-based fuels, including gasoline, home heating oil, coal, and to a lesser extent, natural gas.


https://www.cbsnews.com/stories/2008/01/11/opinion/main3703074.shtml

posted on Feb 18, 2008 4:55 PM ()

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