Democrats Failing Us on Gas Prices AGAIN
Well the politics continue even as Americans wake up every morning reading about record prices for gasoline. Despite promises from Nancy Pelosi and other top Democrats that they would do what is necessary to reduce prices at the pump, gasoline prices continue to soar with the Democrats only response involving raising taxes.
Congress will soon be voting on the Lieberman-Warner Climate Security Act (S. 2191), which could have the effect of raising gasoline prices an additional $1.50 per gallon. Senator Inhofe had this to say:
“The studies show it would be directly affected, would be a $1.50 a gallon, in addition to what it is today,” Inhofe, the ranking Republican on the Senate Environment and Public Works Committee, said to (BMI).
“So now I think we need to concentrate on what it will cost the American people,” he said during the press conference. “To try to put it in a perspective people understand, if we had ratified, according to the Wharton School of Economics, the Kyoto Treaty, back five years ago, it would have cost about – between $300 and $330 billion – that was the range they had. This bill that’s up today is $471 billion – far more than that. And the question is, what do you get for it?”
Sessions, a member of the Senate’s Committee on Energy and Natural Resources, went a step further. He cited sources that suggest the increase could be as much as $5 a gallon.
“[L]et me tell you what’s heading down the tracks,” Sessions said to BMI on May 14. “In a few weeks, we expect that the cap-and-trade legislation that’s been voted out of Sen. Barbara Boxer’s (D-Calif.) Environment and Public Works Committee will be on the floor and according to the Environmental Protection Agency it will increase gas prices by $1.50. The National Association of Manufacturers says it will increase it as much as $5 per gallon.”
Despite the cooling trend we have witnessed over the last decade, and the forecasts for continued cooling over the next decade, Democrats are pushing a global warming bill which would only have the effect of raising gasoline priuces even further. This bill would also raise prices on electricity as the majority of our country’s electricity is produced by burning fossil fuels. Public transportation in major cities would also be affected as the bill included any group which mantains a vehicle fleet of 10,000 or more.
As Americans beg their Congressman to help alleviate prices at the pump, Democrats do the only thing they know how to do, institute new taxes.
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