The Corner - National Review Online: "On President Obama’s call yesterday to end tax subsidies for oil and natural gas producers:This is truly staggering cynicism.
Number one, when he was in the Senate, Obama supported the subsidies he is denouncing today. When our own Ed Henry asked Jay Carney about that, Carney had no answer. He was looking for a hole to hide in.
Second, the Congressional Research Service showed in March of 2011 [that] if [ending the tax preferences] will have any effect on the gas prices, it will be to increase the price. The president is pretending he is trying to lower the gas prices.
Lastly, it is a trivial effect. If you collected this subsidy… for the next 100 years, it wouldn’t cover four months of deficit spending under the administration."
You know, like
this. And
this.
Posts
