Tuesday, February 09, 2016

In case you missed it, Obama just proposed raising the gas tax to 136%

By proposing a $10 per barrel tax on every barrel of oil produced in the U.S., Obama wants to add a 25 cent gas tax on every gallon of gas you purchase at the pump. He wants to use it to pay for his green transportation initiatives.

Considering federal gas tax is 18.4 cents a gallon currently, this would mean a whopping 136% increase. When state taxes are considered, we will be paying 70 cents in tax on every gallon of gas.

While a 25 cent increase per gallon may not seem like a lot considering how low gas prices are at the moment, just consider how much we would all feel it if/when prices go back up to what they were a few years ago .... http://www.thedailysheeple.com