Tag: oil tax

With sky-high inflation reminding people of the economic malaise of the Carter years, it appears that some Members of Congress are actually looking back fondly on those times and are actively trying to relive those days. The latest bad idea that Congress is trying to revive is a new tax on oil profits modeled after the […]

WASHINGTON — Today the American Energy Alliance and over 20 free-market and conservative groups sent a letter to Majority Whip Steve Scalise in support of his resolution opposing a carbon tax. As the budget and appropriations process gets underway, Congress should reject efforts that would impose a carbon tax on American families, including President Obama’s recent proposal […]

Four years ago today, President Obama proclaimed, “we can’t just drill our way to lower gas prices.” Once again, President Obama is on the wrong side of history. In 2012, gasoline was $3.72 per gallon. Today, it is $1.73 a gallon.   What’s changed is a massive increase in world oil production—almost all of which came […]