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Published on World War 4 Report (http://ww4report.com)

No increase in oil-spill tax

By Bill Weinberg
Created 05/10/2008 - 23:40

Get this. The Senate fails to pass the new FAA reauthorization bill—because of "non-aviation provisions" that would have doubled the tax on oil spills [1], using the revenues to replenish the strapped Highway Trust Fund! And this is deemed so un-newsworthy (even with the headlines full of the Clinton-McCain gas tax holiday hoopla [2]) that the only media outlets that even make passing note of it are aviation trade journals like Helicopter Association International [3] (May 2). Now, surely this tax must be onerous, a true burden on the oil industry, right? Well, a Petroleum Marketers Association of America [4] report of March 24, 2006 (when the tax was re-instated after a ten-year lapse) informs us that the current tax is...five cents per gallon (as opposed to 18.4 cents per gallon that consumers pay Uncle Sam at the pump). And with a significant reduction for "petroleum products" and "alternative fuels" such as ethanol and bio-diesel. Additionally, the oil companies are allowed to "pass on" the tax to consumers at the pump.

OK, now who exactly runs this country? Oh, that's right, the Jews [5]. We keep forgetting.

See our last post on petro-oligarchical rule [6].



Source URL:
http://ww4report.com/node/5485