Your Bottom Line On Cap-And-Tax
Posted by: Staff in Tax Reform, Energy Independence on
May 28, 2009
Heritage Foundation has a great analysis on the impact of the Democrats' national energy sales tax.
The impact of this new energy tax is startling -- lost jobs, increased national debt, slower economic growth ... and higher energy prices for electricity, gasoline, natural gas and heating oil:
Energy Cost Impacts
Price increases 2035
Gasoline - 58%
Electricity - 90%
Natural Gas - 55%
Heating Oil - 56%
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