Bureaucrats Responsible for High Prices at Pumps
- From: "Tha Preacha Bill" <preachabill@xxxxxxxxx>
- Date: 8 May 2006 12:16:31 -0700
This week, in response to constituent concerns regarding increasing gas
prices, Congressional lawmakers sent President Bush a letter, urging
him to look into the possibility of oil company price gouging.
Additionally, both Senate Majority Leader Bill Frist and House Speaker
Dennis Hastert asked the president to instruct the Federal Trade
Commission and the Department of Justice to investigate.
The federal gasoline tax alone is responsible for 18.4 cents of the
price of every gallon of gasoline sold in the United States. When the
federal gasoline tax was initially levied in 1932, it was labeled a
"temporary" tax of one cent per gallon of gasoline. This tax,
however, remained intact, and has increased over the decades.
"Before pointing guilty fingers at Corporate America, policymakers
need to take a good introspective look at what role they have played in
creating the current energy crisis that American consumers are
experiencing," stated Michael Dixon, National Chair of the
Libertarian Party.
The aggregation of local, state, and federal gas taxes are responsible
for, on average, 45.9 cents of the final cost of every gallon of
gasoline.
"In typical bureaucratic fashion, Members of Congress and current
administration are looking for scapegoats to blame for America's
problems," Dixon said. "If our lawmakers were truly concerned with
the gas-price burden that is shouldered by American motorists, then
they would stop placing the blame solely on oil companies, and work to
repeal the harmful gas taxes that we have in our country. The
Libertarian Party remains committed to reducing the tax burden for all
Americans, in order to foster the development of long-term growth and
prosperity."
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