Although there is no single, easy answer for addressing increased gas prices in the short term, there are things we can do to guarantee that Americans aren’t victims of escalating gas prices in the long term.
* One thing we can do is eliminate unnecessary tax breaks for the oil and gas industry and instead invest that money into clean energy, so that we can cut our dependence on foreign oil.
* America’s outmoded tax laws offer the oil and gas industry more than $4 billion in annual taxpayer subsidies, even though that industry is expected to report extra-large profits this quarter. Even as those companies are reaping near record profits, Americans are shelling out for near record gas prices. That doesn’t make sense and it has to end.
* CEO’s of leading oil companies have made it clear that such high oil prices alone offer enough of a profit motive to push them to invest in domestic oil exploration and production — even without special tax breaks.
* Speaker Boehner has said he’s open to eliminating wasteful subsidies for the oil and gas industry. For too long, our political system has avoided doing so. Now, hopefully, our leaders can come together in a bipartisan way to make it happen.
(click here to continue reading Dems seek to change conversation on gas prices – The Plum Line – The Washington Post.)
Any proposal that will help the US and involves Boehner will not happen. That dude, and the GOP in general, basically is hoping for end-of-times.