Increase Gas Taxes – Bad Idea

There is Legislation currently pending before Congress which hopefully has very little chance of passage. This is a good thing. The proposal calls for a Tax Increase on Gas and Oil and elimination of Tax benefits for the Oil Companies. The backers claim this will make the US less dependent on Foreign Oil, encourage the development and use of alternative Fuels and alternative energy production. Alternate fuels generally mean Ethanol and alternate energy production generally means wind and nuclear energy to generate electricity.

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