Hillary Clinton Proposes Massive Energy Tax

October 26, 2005

2008 presidential candidate Hillary Clinton said yesterday that she backs a plan to hike gasoline taxes through the roof.

Speaking to a group of alternative energy investors in Washington, D.C., Clinton proposed to sock oil companies with $20 billion in new fees that would be used to fund research on clean energy - driving up costs for oil producers that they would inevitably pass along to consumers.

he top Democrat said her goal is to get “oil companies that have experienced these amazing profits either to reinvest them in our energy future to reduce our dependence on oil or to contribute to a strategic energy fund that will provide incentives for companies and consumers who want to be part of an energy solution.”

Mrs. Clinton’s whopping tax hike proposal comes just as prices at the pump are beginning to decline from records highs in the wake of Hurricane Katrina, which caused a bump in energy inflation that experts warned could tip the economy into recession.

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Posted by HillaryTruth · Filed Under News

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Hillary Clinton Proposes Massive Energy Tax

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