Tuesday, June 10, 2008

Carl Levin Votes for Higher Gax Taxes

Michigan Senator Carl Levin has voted to increase the price you pay for gas. The democrats held a vote on a "windfall profits tax", that would increase the cost of energy.

Make no mistake. Penalizing profit discourages investment, which restricts supply. That means higher prices.

But rather than lower prices, democrats keep trying to increase them.

Thankfully, their plan failed, for now.

Harry Reid’s Jimmy Carter Memorial Act: Senate takes up windfall profits tax; Update: Reid cloture motion falls short, 51-43; Roll call vote added, McCain and Obama skip out

Meanwhile, Rep. Tim Walberg is actually trying to cut gas prices.

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