The NEW Bible Study Tools are here - Explore them now!
E-MAIL NEWSLETTERS







There was an error processing this request. We cannot subscribe you to newsletters at this time. Please contact technical support with details.
NEWS Sponsorship

AVERAGE USER RATING

RATE THIS ARTICLE

  • Email
  • Print
  • Discuss
Search The Bible   
Advanced Search

Clinton's 'Gas-Tax Holiday' Would Hurt Consumers

Susan Jones

Senior Editor

(CNSNews.com) - Sen. Hillary Clinton (D-N.Y.) wants to force oil companies to pay the federal tax on gasoline out of their own profits. But some analysts say it won't do much good. "The only way to make gas cheaper for consumers is to have more gas available," David Kreutzer, senior fellow of energy, economics and climate change at the Heritage Foundation, told Cybercast News Service. "When oil companies make money, they make a lot of money, but we all forget the years they don't make money," Peter Van Doren, editor of Regulation magazine and senior fellow at the libertarian Cato Institute, told Cybercast News Service. He noted that between 1985 and 2001, oil companies didn't make the kind of profits that Clinton wants to tax today.
Most Recent User Comments
Be the first to comment on this article!
Sign up to post your comments

It's quick and easy to register with Crosswalk.com! Just fill out the short form below. You'll have the opportunity to post comments, and be more involved in our community and forums. Plus, with this one account, you can sign in anywhere in our network of sites displaying the Salem All-Pass logo, including Oneplace.com, Christianity.com, Lightsource.com, Crosscards.com, and more!