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OH, THAT WILL BRING DOWN PRICES AT THE PUMP
April 27, 2006
Something about $3 gasoline makes politicians feel they need to look busy and concerned. The results run the gamut from ineffectual to harmful.
The ineffectual was illustrated yesterday when some top Congressional taxwriters demanded copies of the tax returns of some of the large oil companies. Maybe if they look hard enough, they'll find a tax form that shows where the companies are hiding the 50-cent gasoline that the congresscritters seem to think is out there somewhere. (Hat tip: The TaxProf.)
The harmful? Just look back to the last "energy bill." You'd think they would be chastened by that disaster, but that is not their way. Will they be foolish enough to try another "windfall profits" tax? Don't count it out.
(Cross-posted at Chequer-Board.net)
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