For all you that took to riding your bikes more and curtailing much of your driving, your thanks may be coming in the form of a 10 cent a gallon increase in federal gas tax, if Democrats get their way.
While President Bush has lifted the ban on offshore drilling to enable more oil on the market and pressures Congress to follow suit, Democrats steadfastly refuse to lift the congressional ban on offshore drilling. Now, they talk of raising federal taxes on gas even higher with excuse of needing more money for highway repairs and to prevent job losses.
Current federal fuel taxes are 18.4 cents a gallon on gasoline and 24.3 cents on diesel fuel. Some Democrats even wish to gradually raise federal fuel tax to 40 cents a gallon!
Oil has increased over $100 a barrel since Democrats took back Congress. The price of gasoline has soared to over $4.00 a gallon. People feel the pinch and many curtailed driving to conserve fuel and save money. Their reward from “New Direction” Democrats? Pay more anyway.
If this continues, the “New Direction” is going to bankrupt us all.