Get ready to pay even more for gas. If Republican Sen. Lindsey Graham, Democrat Sen. John Kerry, Independent Sen. Joe Lieberman, and “moderate” Republicans get their way an additional 15 cents per gallon will be added to the gas tax.
Market analysts predict the price of oil will continue to rise for the rest of the month. “U.S. stockpiles of crude oil fell for the first time in 11 weeks in the week ending April 9, the Energy Department reported April 14,” Newsweek reports today.
Graham, Kerry, Lieberman and the Republicans are attempting to sell the gas tax increase to Congress as a climate bill compromise. “The Senate climate bill’s sponsors also appear to want the revenue raised from the tax to fund a variety of programs that would reduce industrial emissions, including helping manufacturers reduce energy use or boost wind and solar power installations by electric utilities,” Newsweek reports.
Earlier this week it was reported that wind turbines that are considered part of Obama’s “renewable-energy initiative” will be manufactured in China. The initiative is funded in part by Obama’s $787 billion economic stimulus plan.
Congress is exploiting the widely debunked climate fraud to increases taxes on Americans.
In March, analysts predicted $3.00 per gallon gas prices in the weeks ahead. “Seasonal influences are strong this time of year and account for much of the expected increase that many analysts say will push gasoline to a nationwide average of at least $3 per gallon this spring,” the Associated Press reported on March 2.
“The higher prices come at a time when most Americans’ incomes are stagnant. Incomes edged up 0.1 percent in January, below analysts’ estimates, according to the Commerce Department,” AP added.
Additional financial burdens on the American public obviously do not concern Graham, Kerry, Lieberman and the Republicans. Congress is determined to push through punitive taxation schemes under the guise of phony climate change.