{"id":1909,"date":"2010-05-25T07:04:58","date_gmt":"2010-05-25T07:04:58","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=1909"},"modified":"2010-05-25T07:04:58","modified_gmt":"2010-05-25T07:04:58","slug":"get_ready_for_a_major_tax_incr","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=1909","title":{"rendered":"Get Ready For A Major Tax Increase"},"content":{"rendered":"<p><a href=\"http:\/\/townhall.com\/blog\/g\/752d8462-42d0-4b48-a110-96ffc68d95dc\">Townhall.com<\/a>&nbsp;reported yesterday that Congress is getting ready to pass a tax increase on oil.&nbsp; The new tax would be 32 cents a barrel, which Congress estimates will raise about $11 billion over the next decade.&nbsp; The current tax on a barrel of oil is 8 cents.&nbsp; The stated purpose of the tax is to &#8216;clean-up&#8217; the oil spill in the Gulf.&nbsp; The obvious question is, &#8220;Since BP is responsible for cleaning up the oil spill, the cost to the government is not going to be anywhere near $11 billion, so why are we increasing taxes on oil?&#8221;<\/p>\n<p>Well, the tax is part of a much larger picture.&nbsp; There is a bill in the works that Congress hopes to pass before Memorial Day.&nbsp; The bill includes a one-year extension of some popular tax breaks that expired at the end of last year, and expanded unemployment benefits which include health insurance subsidies.<\/p>\n<p>The House could vote on this as early as today, the Senate is hoping to vote on it by the end of&nbsp;the week.&nbsp; This tax will impact everyone.&nbsp; It will be a hidden tax, so many Americans may not be aware of why the cost of some items suddenly increases.&nbsp; It will increase heating bills in the winter, the cost of gasoline, and will have a ripple effect, raising prices throught the economy.&nbsp; This will slow down the economy and could bring us to a double-dip recession.<\/p>\n<p>Please watch to see who votes in favor of this tax increase.&nbsp; Anyone who votes for this needs to be voted out of office in November.<\/p>\n<p>UPDATE:&nbsp; Representative Bill Cassidy, a Republican from&nbsp;Louisiana, has introduced House Resolution 1374 stating that all revenues from the now 8-cents-a-barrel oil tax should be used to clean up the spill and for no other purposes.&nbsp; See <a href=\"http:\/\/thomas.loc.gov\/\">Thomas.gov<\/a>&nbsp;for further developments.&nbsp; This could be interesting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Townhall.com&nbsp;reported yesterday that Congress is getting ready to pass a tax increase on oil.&nbsp; The new tax would be 32 cents a barrel, which Congress estimates will raise about $11 billion over the next decade.&nbsp; The current tax on a &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=1909\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1909","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/1909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1909"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/1909\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}