Unless you haven't really been paying attention, you must realize by now that Obama's plans to increase taxes on every American by increasing the cost of energy in this country. We've been through this routine before. But now we have a new line from the Obama administration ...
According to tax cheat Timothy Geithner, oil and natural gas companies do not deserve tax breaks from the federal government because their businesses contribute to global warming. That's right .. our Treasury Tax Cheat believes in man-made global warming.
Unbelievable.
Geithner said to Congress, "We don't believe it makes sense to significantly subsidize the production and use of sources of energy (like oil and gas) that are dramatically going to add to our climate change (problem). We don't think that's good economic policy and we think changing those incentives is good for the country."
Now what you are seeing here is exactly what I've been telling you to expect for years. The Democrats want their hands on every single possible penny the private sector produces. To do this they will promote this tired and discredited global warming dog squeeze as a reason to drain more money from energy companies.
As for Geithner .. he's a tax cheat. No ... that isn't strong enough. He's a damned tax cheat. He plotted to cheat on his taxes, then carried that plot through; and he was caught. Now he's our Treasury Secretary.
A tax cheat in charge of the IRS. Change you can believe in.