All around the country, countless Americans are feeling happier when they fill up their tanks. With gas prices hovering at slightly below $2 a gallon (and much lower in many parts of the states), filling-up has been easier on the wallet than it has been in years. Most are happy about this.
President Obama, however, is not.
With a fleet of vehicles fueled and funded by taxpayers, Obama has not had to worry about gas prices in years. Detached from the realities facing hundreds-of-millions of Americans, the president has demanded a dramatic increase of taxes on oil to better fund the advancement of “green” technologies.
It’s an odd thing to do, especially considering that this same president ranted against the increase of gas taxes in 2011, claiming that such increases hurt the poor and working classes of Americans.
In 2011, Obama told Georgetown University students that “rising prices at the pump affect everybody -– workers, farmers, truck drivers, restaurant owners, students who are lucky enough to have a car.”
“Businesses see rising prices at the pump hurt their bottom line,” Obama continued. “Families feel the pinch when they fill up their tank. And for Americans that are already struggling to get by, a hike in gas prices really makes their lives that much harder. It hurts.”
Fast forwarding five years later, Obama is now pushing a $10-a-barrel tax increase on each barrel of oil With oil prices around $30 a barrel, this equates to a 30 percent tax on each barrel of oil.
In 2011, Obama even blasted tax increases on oil, maintaining that a $10-a-barrel tax increase raises the price of gasoline 25 cents a gallon.
“And every time the price of a barrel of oil on the world market rises by $10, a gallon of gas goes up by about 25 cents,” Obama said in his 2011 speech.
Currently, the federal gas tax is 18.4 cents a gallon. If Obama receives his way, that would jump to 43.4 cents a gallon- a whopping 136% tax increase.
If we include state gas taxes, that is 70 cents a gallon being paid by citizens who are still hurting from the Obama economy that relentlessly punishes citizens with over-regulation and continual calls for increased taxes.
The push is yet another example of the government seeking to pick “winners and losers” and offer advantages to one industry by punishing another. The Obama Administration is defending the proposed tax increase as a second stimulus program that will improve our economy as the $10-a-barrel increase will be used to fund “green technologies”- an increase of $20 billion on the advancement of green transportation.
To socialists like Barack Obama, the government is the hub of economic activity and free-market competition is simply intolerable. The left is obsessed with the idea that government ought to be in the business of picking “winners and losers” in markets and this pattern always coincides with a political agenda centered on government punishing one party to reward another.
This tax increase would accomplish two of the left’s favorite goals: it would further burden Americans with tax increases and would take from the oil industry to reward the liberal cronies that populate the green technologies field.
Win/Win (you know, unless you’re an average citizen just trying to make ends meet).