Quote:
Originally Posted by Derwood
citation please for this tax break/raise?
|
This has been in the news a lot in the last week. Here's one reference
News Headlines Obama Unveils Plan to Spend $50 Billion on Infrastructure
Quote:
|
President Barack Obama, scrambling to jump-start job creation in a sluggish U.S. economy, announced Monday a six-year plan to revamp aging roads, railways and airport runways with an initial $50 billion investment.
|
Quote:
|
Administration officials say Obama will ask the U.S. Congress on Wednesday to increase and permanently extend a tax credit for business research as a way of boosting job growth. The proposal, which was widely expected by investors, would cost $100 billion over 10 years.
|
Quote:
|
Asked how the administration would pay for the plan, the senior administration official said one option was to scrap some tax breaks for oil and gas companies.
|
Do you really expect the oil companies to just absorb this tax hike and not pass it on to us consumers? Even if BP is one of the collection agents for this tax, it's still a tax.