Guest Post by Martin Armstrong
President Joe Biden is calling for a three-month gas tax holiday to lower the price at the pump. Interestingly, former President Obama opposed a gas tax holiday when energy prices were much lower. In fact, he called temporarily suspending the tax a “gimmick.” The US government currently charges 18 centers per gallon of gasoline and 24 cents per gallon of diesel.
In his 2020 memoir “A Promised Land,” Obama stated that opposing the temporary suspension was one of the reasons he beat Hillary Clinton in the 2008 US Presidential Election. “I was sure that consumers wouldn’t see much benefit. In fact, gas station owners were just as likely to keep gas prices high and boost their own profits as they were to pass the three-cents-a-gallon savings on to motorists,” Obama stated in his memoir after noting that Clinton and GOP candidate McCain both endorsed the idea.
Numerous politicians from both sides of the spectrum have stated that they cannot guarantee a tax holiday would ease consumer costs. In the face of the current energy crisis, a measly tax break will not help those struggling to afford gasoline in a significant way. Instead, America needs to boost production, reimplement pipeline deals, and begin fracking until a viable alternative option is available.
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“Viable alternative option”. Are you nuts? Enough crude in the ground for centuries and we are looking for alternatives? This country deserves to crash to teach idiots a lesson. Yeah, I know, we’ll suffer too, but we’ll survive. The fools and idiots, won’t.
Who cares what this nigger and his tranny sodomite bitch boy wife thinks, even if he’s right about the fed gas tax being a joke. This mother fucking Canaanite has been trying to destroy America from day one.
Readers might want to look at the Comprehensive Annual Financial Reports (CAFRs) (Government Agency audits).
Look to see how much Government Agencies are invested in the Oil Companies.
Gas taxes are a drop in the bucket compared to the Governments investment income.
Notice where the Kenyan claims the only way to fix the high cost of energy is to reduce demand? It is as if “supply” is a dirty word to idiots like him.
Lotta people wasting valuable oxygen. Too. barry.
😂 Use to be posted, in actual cents, how much of each gallon was fed and state tax on every pump. Haven’t paid attention in forever, don’t know if still practiced. i’ll have to try to remember to check.
algore’s invention say 18.4¢/ gallon. Was more than that yrs. ago. It must be true, it’s on the internet?