House democrats have pushed through an $18 billion tax bill that will be assessed on the oil companies. Senate democrats have vowed to expedite approval of the bill.
Can the oil companies afford these taxes? Yes, they can. Will they pay these taxes?
They will pay the tax bill but it is really us, the consumer, that will pay for these taxes through higher prices at the pump!
$5/gallon gas will be here very soon if this goes through. Thankfully, Bush has vowed to veto this bill.
http://money.cnn.com/2008/02/27/news...ion=2008022718