Bold Colors Blog

Stickin’ it to the libs, one day at a time

Punitive taxes for the oil industry–what effect will they have?

Posted by Liberty on November 10, 2008

Professor Mark J. Perry [author of Carpe Diem blog] addresses this question in an article from November 7th’s Investor’s Business Daily.

Punitive Taxation Of Profitable Oil Industry Won’t Break Dependence On Foreign Crude

“With joblessness and serious economic problems rising, the last thing we need is public policy that makes them rise even faster. Yet, there is a danger this could happen if President-elect Obama’s proposed punitive taxes on the oil industry are enacted and lead to less energy development.”

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