We wrote here about the Senate and House Majority's energy plan that would raise taxes and hamper the efforts of companies searching for domestic energy sources. This week the Democrats in Congress are at it again. John Dingell, the Chairman of the House Energy and Commerce Committee, is proposing a new 50-cent a gallon tax at the pump.
That proposal is the wrong medicine for the American economy. No matter how hard some in Congress would try you simply cannot tax your way to prosperity.
From Fox News:
A Michigan congressman wants to put a 50-cent tax on every gallon of gasoline to try to cut back on Americans' consumption.
Polls show that a majority of Americans support policies that would reduce greenhouse gases. But when it comes to paying for it, it's a different story.
Rep. John Dingell, D-Mich., wants to help cut consumption with a gas tax but some don't agree with the idea, according to a new poll by the National Center for Public Policy Research.
The poll, scheduled to be released on Thursday, shows 48 percent don't support paying even a penny more, 28 percent would pay up to 50 cents more, 10 percent would pay more than 50 cents and 8 percent would pay more than a dollar.
"I don't want to pay more, I don't think anyone wants to," said Karen Deacon, a motorist.
"I think that wouldn't make any sense," said Frankie Hoe, a motorist. "Ugh ... who's making the money from all this and where is that money going? Is it going to go green? I don't see any green things anywhere."
...
David Ridenour, vice president of the National Center for Public Policy Research, said the proposal wouldn't help long term."I think when you are talking about raising gas prices, there may be short-term reduction, put off vacations, but bottom line is over long term, that isn't going to have much of an effect," Ridenour said.