How do Democrats expect the price of gas and oil to stay low when they just put a huge tax increase in place?

Question

Removing tax breaks = tax increase

http://news.yahoo.com/s/ap/20070119/ap_on_go_co/congress_oil

Answer 1

Oil priced are subject to supply and demand. Tax increases will cause the money supply to drop and will fuel inflation as people start demanding higher wages to pay the taxes.

Here is the Pelosi Mantra:

Tax his land,
Tax his bed,
Tax the table
At which he's fed.
Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.
Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.
Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.
Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.
Tax his cigars,
Tax his beers,
If he cries, then
Tax his tears.
Tax his car,
Tax his gas,
Find other ways
To tax his ***
Tax all he has
Then let him know
That you won't be done
Till he has no dough.
When he screams and hollers,
Then tax him some more,
Tax him till
He's good and sore.
Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid.
Put these words
upon his tomb,
"Taxes drove me to my doom..."
When he's gone,
Do not relax,
Its time to apply
The inheritance tax.

Answer 2

I was not aware that a "huge tax increase" took place or any tax increase at all. Don't conclude that tax increases and the Democratic Party are synonymous as the Republican Party would like you to believe. Tax increases take place under the Republican Party as well but may not be evident in your paycheck but do take place, for example, on liquor, cigarettes, gasoline, etc., where an increase in the price of goods often times is due to a tax increase.

The Republican Party has boasted since the Nixon Administration that they are for lower taxes, which is defined differently by both parties, but have been the biggest spenders and finance the spending through borrowing and increasing the national deficit. This deficit does place a mortgage on future generations and is quite damaging to the economy. In 1970, the United States was the world's number one creditor nation while today it is the world's number one debtor nation all due to deficit spending by mainly Republican Administrations.

Answer 3

Idea is to force industry to come up with alternatives to oil. Oil companies keeping monopoply over energy industry isn't going to lower oil price either. Oil price havn't eased with some of biggest tax breaks, subsidies and gov mistake that let them get away with not paying loyalties to gov. It's time we start looking at something other than just oil.

Answer 4

Oh, not to worry, Chainsaw. The ultra rich who benefited from Bush's tax gift will do just fine -- they can well afford it. Remember what our President kept saying about "Freedom isn't free?" Same goes for driving those Escalades baby, it isn't free.

Answer 5

its not a TAX but a UPGRADE and they are going to INVEST it for you just like they have INVESTED your social security payments for you. the last i heard they were going to INVEST it in windmills and i think that's a real good idea because they are full of hot air and will keep then running for ever

Answer 6

LOL! What else can anyone expect them to do? Just wait, we are gonna get a lot more taxes.
They are truly ignorant.

Answer 7

they dont, all just lies to make public favor them, lies and deceit then all goes to ruin in their plans

Answer 8

wat a way to start their new power.