• Energy Tax Facts
  • 25 Jul 13

Kearney Hub (LTE): Increasing Taxes on Oil and Gas Hurts Consumers

Increasing oil and gas taxes is a favorite standby of Washington politicians, just one more policy they use as a political tool and fail to recognize the real-life impact on their constituents.

Any increases in costs are passed onto consumers, so the politically correct idea of increasing taxes on rich oil companies had the effect of increasing taxes on everyone who uses oil and natural gas — families, farmers and small businesses.

These same backward policies that have been bandied about for years would not only increase gas prices, but increase the costs on all the goods that have to be shipped and everything that gets transported.

Let’s hope Congress keeps us all in mind and considers the far-reaching implications of their proposals to increases taxes on energy, and opt to not take even more money out of our pockets.