News-Record.com

Is this far-fetched?*Doug

Nope! But Mr Rothstein's is on to the lastest wrong conspiracy theory about Hillary. No doubt, he comes from the school of Alien Lizards in Black Space. It's this kind of political conspriacy stuff that gives us real conspriacy theorists a bad name.

Any real political therorist knows that Hillary will divore Bill in September and marry Obama after his wife is found guilty of harboring his preacher in his house while he is on the campaign trail fighting the North Carolina GOP chair Linda Daves.

Doug,

Hillary Clinton's latest political ad in her campaign for President of the United States states that she wants to pass legislation to reduce the gas tax "this summer". Can you please provide the Senate Bill in which she has introduced this legislation to be effective THIS SUMMER?

Thank you

Janet,

Here's what she says in a release sent out this morning by her campaign:

"Enact a Windfall Profits Tax on Oil Companies to Pay for Temporarily Suspending the Gas Tax – Hillary will impose a windfall profits tax on oil companies and use the money to temporarily suspend the 18.4 cent per gallon federal gas tax and the 24.4 cent per gallon diesel tax during the upcoming peak summer driving months. Hillary will ensure that this relief is passed along to consumers by charging the Federal Trade Commission with conducting aggressive oversight. Unlike Senator McCain’s plan, Hillary’s plan will be fully paid for by taking away oil company profits through a windfall profits tax. This will ensure that the Highway Trust Fund is not affected at all by the gas tax suspension, and can continue to support critical repairs and maintenance for our infrastructure and highways.

"Suspending the gas tax will provide real, immediate assistance to American families and for our economy. Recent testimony before the House of Representatives by the American Trucking Association indicates that even small changes in price can have big impacts. Just a one-penny decrease in the price of diesel annualized over an entire year would save the trucking industry $391 million a year."

How this is supposed to get done this summer, I don't know. I'm not aware that she's introduced legislation to accomplish it. Imposing a "windfall profits tax" on the oil industry would require a lengthy legislative process to determine, among other things, whether the oil industry really is making "windfall profits"; how you define a "windfall profit" and whether other industries that make even higher profits also should pay taxes on windfall profits; what level this tax should be; how much profit the government says American industries should be allowed to make. Do we need to do the same to every industry whenever it raises prices?

These questions can't be addressed by Congress in a week or two. You can't implement such a tax and get the revenue rolling in fast enough to make up for revenue lost from dropping the gas tax this summer. It all strikes me as an irresponsible proposal.

You can't implement such a tax and get the revenue rolling in fast enough to make up for revenue lost from dropping the gas tax this summer. It all strikes me as an irresponsible proposal. * Doug

You better hurry home Doug! Governor Easley just endorsed Hillary and promising her the redneck vote, and he is finally revoking Skybus airlines charter. Nothing like a lane duck being a little late.

Thank you. I appreciate you looking into this.

Take Care

JM

Thank you. I appreciate you looking into this.

Take Care

JM