Visit Citebite Deep link provided by Citebite
Close this shade
Privacy Policy
Home | Money | Jokes | Links | Advertise | Search | Cartoons | Classifieds | Contact | Shop January 31, 2007
Powered by


From the Staff
For the story behind the story...

Friday, April 14, 2006 11:56 a.m. EDT

Hillary Clinton: Raise Gas Taxes by $20 Billion

With pump prices crossing the $3.00 mark and family budgets buckling under the strain, 2008 presidential hopeful Hillary Clinton says she has the solution: Have consumers pay even more at the pump by levying a $20 billion tax on the oil companies who "price gouge."

"We need to be able to ensure consumers in New York and across the country that they will not be gouged at the pump," Clinton said on Wednesday.

"To fill the gaps in current law, I joined with colleagues last fall in introducing the 'Energy Emergency Consumer Protection Act,'" she explained. "This would enable the president to declare an energy emergency, triggering federal gouging prohibitions to protect consumers from being the victims of profiteering."

Mrs. Clinton first introduced her anti-profiteering plan last October, telling an environmental group: "I believe that we need to assess the oil companies an alternative energy development fee to be put into [a] new Strategic Energy Fund. We should design the fee so it is taken solely out of unanticipated profits from the sky high oil prices."

Story Continues Below


The former first lady predicted that her excess profits tax "could generate as much as $20 billion a year to help retool our economy and deploy new energy strategies."

Clinton said the plan would "ensure that [her tax] is not passed on to consumers," but declined to explain how she intended to prevent oil companies from passing along the extra cost.

Two years ago the top Democrat explained the driving philosophy behind her economic policies, telling a San Francisco fund-raiser that when Democrats finally win back the White House, "We're going to take things away from you on behalf of the common good."

Editor's note:
Celebrate Ronald Reagan – Get "Reagan’s Greatest Speeches" – Click Here Now
"Hillary’s Secret War" – Coulter says "It’s required reading" – See It Here!
Get Dick Morris’ "Condi vs. Hillary" – FREE Offer – Click Here!

Read more on this subject in related Hot Topics:

Sen. Hillary Clinton

Inside Cover Stories
Washington Post Drops Cheney Lawsuit

Thousands Fleeing Hugo Chavez's Venezuela

Sen. Mel Martinez: ‘I Do Not Support Amnesty’

Venezuelan Lawmakers Delay Chavez Vote

Mitt Romney Faces Questions About His Faith

Cost of U.S. Citizenship Nearly Doubles

Biden: 'No Exploratory Committee, I'm Running'

California Considers Banning Light Bulbs

Venezuela to Buy Anti-Aircraft Missiles

Cuba TV Shows Castro Meeting With Chavez

Rep. Dennis Hastert Recovering From Surgery

Hillary, Giuliani Lead in Ohio Poll

More Inside Cover Stories

Print Page Forward Page E-mail Us RSS Feed
Common Herb Demolishes Bacteria and Viruses The Official Longevity HGH Formula from Germany Is finally available in America without a Prescription! Are You Guilty Of Exalting Evil And Prepared For God's Coming Judgment For Exalting, Covering Evil?
The Real Viagra, Cialis and Levitra Deal on the Internet 10 Tablets $99, Free Shipping Married or Single: Get Athena Pheromones and get more romance Diabetic? Tired Of Medications That Don't Work? The Best Alternative Is Here 100% Money Back Guarantee
Hoodia Diet: As seen on 60 min & Oprah! Lose 20lbs fast with Hoodia! Free Diet Patches Offer      
Home | Money | Entertainment | Links | Advertise | Search | Cartoons | Classifieds | RSS | Contact | Shop
All Rights Reserved © 2007 NewsMax.Com