Arlen Specter Should Listen

J.J. Jackson* | April 29, 2006

You should listen to your mother and father. In Washington, President Bush is not quite an adult, but he’s probably a high school sophomore or junior which puts him well ahead of most other Washington politicians including Sen. Arlen “TAX ‘EM” Specter. By the way, Mr. Specter sent me a response to my email on his proposed “Windfall Tax” on the oil companies. I’ll get around to posting it tomorrow, and believe me you, it deserves a response!

The Washington Times reports that Bush seems to “get it” (sort of):

President Bush yesterday rejected calls from Capitol Hill to levy a tax on oil-company profits and said there is “no evidence” of price gouging.

He urged the industry to increase oil exploration and to reinvest billions in earnings from high gasoline prices to build new refineries.

“I have no evidence that there is any rip-off taking place,” Mr. Bush said at a morning press conference in the White House Rose Garden. “But it’s the role of the Federal Trade Commission to assure me that my inclination and instinct is right.”

Mr. Bush said calls to tax the oil industry’s profits would take money that should be reinvested in refineries, pipeline construction for natural gas deliveries and exploration in “environmentally friendly ways.”

“Look, the temptation in Washington is to tax everything, and they spend the money — ‘they’ being the people in Washington,” said the president, who has called on Congress to strip away tax breaks the corporations are enjoying amid record profits.

Bush right on no windfall profits tax. Bush wrong on raising taxes on oil companies. He gets a C for the day. But that is better than Snarlin’ Arlen who gets a D-.

The Constitution in Exile : How the Federal Government Has Seized Power by Rewriting the Supreme Law of the Land

(Book)

Authors:Andrew P. Napolitano
Manufacturer:Nelson Current
Released:18 April, 2006

The Deep Hot Biosphere : The Myth of Fossil Fuels

(Book)

Authors:Freeman Dyson, Thomas Gold
Manufacturer:Springer
Released:May, 2001

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