NYT - Cheney Tax Plan from '86 Would Have Raised Gas Prices

[swag]

http://www.nytimes.com/2004/04/06/politics/06CHEN.html



WASHINGTON, April 5 — In October 1986, when Dick Cheney was the lone congressman from energy-rich Wyoming, he introduced legislation to create a new import tax that would have caused the price of oil, and ultimately the price of gasoline paid by drivers, to soar by billions of dollars per year.

"Let us rid ourselves of the fiction that low oil prices are somehow good for the United States," Mr. Cheney, who is now vice president, said shortly after introducing the legislation.

...IMPACTING!

[Daisey Mae]

1. What?

you mean that Kerry isn't to blame for HIGH gasoline prices afterall....Of Course ,it was that weasel Cheney all along.... I must admit that Cheney is the perfect villian..... HE DONE IT.....

[Sgt. Peppers]

2. If oil was $18.00 bl in 2001, why did we have a shortage and pay 1.75 gl?

"Robert M. Simon, Democratic staff director of the Senate Energy Committee, said he used an analysis by the Congressional Research Service to calculate that the $24 price base, after adjusting for inflation, would have grown steadily to $48.24 by this year. In comparison, the price of West Texas crude oil recently peaked at $38 but has settled around $34, well above the recent lows of $11 in 1998 and $18 in 2001"