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Is the Cheney oil import tax getting much coverage?

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Karmadillo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-07-04 07:30 PM
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Is the Cheney oil import tax getting much coverage?
I saw this story on Google and was wondering if cable and network news shows were giving it much coverage.

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 drivers paid for gasoline, to soar by billions of dollars a year.

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

Oil prices had plunged to $15 from nearly $40 a barrel in the early 1980s, and Cheney argued the tax was needed to stabilize oil- state economies devastated by the collapse.

Other lawmakers, including Republicans, criticized Cheney's plan and similar proposals as snake oil that would put 400,000 Americans out of work. They also complained then, as President George W. Bush does now, that higher taxes would stall the economy.

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