I'd like to see those who criticize the necessary costs of educating a child relative to the market value of a barrel of oil try to defend the fat oil cats on that score. I'm sure that they have some excuse: like maybe the fatso refining industry execs need the extra money to send their kids to better schools.the oil companies may end up the biggest beneficiaries, while the aid to families wouldn't be enough to buy a $35 backpack.
The trouble with the plan ... is that oil prices are rising because of low supplies, and companies will continue to charge the average $3.60 a gallon and just pocket the money that would have gone to federal taxes.
Friday, May 02, 2008
Who Will Get a Break at the Pumps on a Gas Holiday?
Bloomberg via TPM:
Labels:
Market Values,
Taxes,
Transportation
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